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?
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
- Forums
- Commodities
- TAP
- Sale of Tap's gas assets
Featured News
Add TAP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online