Ann: Cash Takeover Offer by Shandong Energy Group, page-7

re: Ann: Cash Takeover Offer by Shandong Ener... Given that Wu says he will accept and he holds just over 50% then he will accept for all his shares when he is legally able. Of course, he will wait a while to see if there is a higher bid but Jindal weren't prepared to pay this much when they tried before and I very much doubt they will this time. Certainly the market thinks there will not be a higher bid.

So the Chinese will get their 51%. The usual regulatory approvals are needed so it is not zero risk but it looks like a very low risk arbitrage.
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