more assets! fel bid for pdy

FEL (17.5% owned by CFE Chairman Tony Sage) has made a bid to acquire all the shares of PDY.Condition of sale is that Tony Sage is made Chairman of PDY! See ANN on PDY or FEL threads.
This has pushed FEL up 17% up in the last two days and has helped push up CFE.
This has also put us the day traders radar (see daily thread).

Wonder what PDY is worth no doubt Sagey has done the sums which is why FEL is surging.

So many opportunities with this stock - let the good times roll.
Sagey is the man.

Anyone know more about the deal and ramifications for CFE?

Please DYOR