Hi all,
A couple of things to consider in the mix. Firstly, as a generalisation only, US partnerships don't really like cross-border M&A with small public coys. 95 times out of 100, they will do the deal at the asset level. The main reason is that they really don't like to have to lift their skirts in order to limbo through our disclosure requirements in the T/O documentation. So this would suggest that AEP would prefer to just put a bigger cash deal on the table.
Another consideration is that I don't believe AEP will show their hand until the Government's NEGI announcement....why should they?
But I do believe that the Oklahoma boys 'aint finished yet!
Cheers,
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