MPO is presently a sitting duck, for any aspiring expansion in...

MPO is presently a sitting duck, for any aspiring expansion in the CSG market in Aus.

O/S assets would just be stripped out and sold off, if not desired by the acquirer. Mergers and Acquisitions departments in law firms exist for solely this purpose (or Murders and Executions for anyone who reads American Psycho).

I would say Santos would hold the China and Australian assets and dump the rest. Until MPO can protect themselves with some revenue and share value, they are prone to takeover at less than consolidated price.