Sushi, you make sense to me except for the bit about mergers likely ending up evaporating the value of the 'target' company and/or the combined merged entity.
TXN's approach/strategy was floored and it forced itself into a corner.
Chesapeake withdrew from the bidding because of internal issues and concerns about gas price decrease (as I understand it). Gas price now on improve plus has export potential.
I am positive about the synergy that will be created through the merger and will hang on for the (good hopefully) ride. SEA management are not dills.
TXN Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
