I’ve been saying for a while that CLB should take out YOW, but for reasons of increased distribution and the tax shield (about $14m in deferred tax assets).
CLB wouldn’t get YOW’s cash though, these sorts of deals are done on a cash free / debt free basis so it’s likely there would be a pre acquisition return of capital / dividend to YOW shareholders.
Main obstacle to a deal is Nick Bolton IMO
Ann: Change of Director's Interest Notice, page-44
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