Sale of Tap's gas assets, page-40

  1. 2,669 Posts.
    Well this is interesting but quite logical.  Who would be serious about doing all the research in preparation for a bid if they knew the other joint venturers had pre-emtion rights?

    upload_2014-11-1_19-49-54.png
    Maybe this fact will steer Apache towards an IPO?  But I really don't know how Apache would value assets they are spinning off and would the joint venturers have a right to pre-empt?

    http://books.google.com.au/books?id...empting joint venture sale definition&f=false
 
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