Yes it could be larger... only our ex broker CEO is playing his cards very close to his chest. BUT, I figure this is too drawn out and I figure the deal isn't great.
WPL would have offered buyers and good infrastructure. Chevron the same.
Some new player has infrastructure issues and potentially would have to be a consumer to be interested.
With no decision being made by their board till later in December puts MEO in a weakened bargaining seat due to commitments required for Artemis.
It still could be great, but it's not simple or clearly good.
MEO Price at posting:
57.0¢ Sentiment: None Disclosure: Held