As a matter of interest, I have looked over the Nido takeover, which Yenbamroong was involved in. He became/or was already. their largest shareholder and sold out to BCP Energy and it was on.
"Bangchak’s (BCP Energy) Nido offer was priced at a 70 per cent premium to the target’s three-month volume-weighted average price."
If the same/similar deal is unfolding. We are likely to get an offer in March as the SP dropped through December. So the three month average will be closer to 40 cents rather than 60 cents to take an offer from.
There were several articles that mentioned that they were looking for more Australian companies to take over.
No idea if this will play out for TAP and just formed from some cursory research as a possibility that other TAP holders could find interesting.
TAP Price at posting:
39.0¢ Sentiment: None Disclosure: Held
