Honestly I think that some sort of buyout is the best outcome...

Honestly I think that some sort of buyout is the best outcome for OLI shareholders given the cash pressures on the business, the need to get out of unprofitable sites and now the uncertain environment with the coronavirus, I don't rate the business' chances to generate better value by continuing to operate as a standalone. As I've said previously, I don't think that this business should ever have been listed in the first place.

If I was the Chairman, I'd be engaging a corporate advisor to try to rustle up at least one alternative bid to see if they can get EG to increase their price, however. There must be other trade buyers out there who will value the footprint of sites and/or can realise some synergies with their own business.