Yes, it SHOULD be a very low risk trade.Two companies think TTY...

Yes, it SHOULD be a very low risk trade.

Two companies think TTY is worth much more than the current share price, and willing to put their money where their mouth is.

Noble is very close to TTY and supported them for a long time. If they are happy to pay 45c for 45%, then the market also SHOULD be willing to value the other 55% of TTY at least the same amount.