DTE dart energy limited

re: Ann: Update on Acquisition of Dart Energy... they didn't...

  1. 215 Posts.
    re: Ann: Update on Acquisition of Dart Energy... they didn't need to do anything unsavory to get rid of the old board. They just had to say they had Greenpark and the old board would have known they couldn't win based on the postal votes that came in. GP just wanted their money. It's different this time though, they can't force us to do sell unless they get 90% and considering 20%+ voted for the old board i would guess that it will be a difficult task for IGAS. They will definitely be stumping up more. We could see another 10-20% offered. Issuing scrip is like a blank cheque. They're going to get $30m back in cash for what is really just an additional 6% of the combined entity if they do offer 20% more.
 
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