MEO has several amazing projects with a very healthy cash balance. Can a company like ENI takeover MEO rather than farming in or JV on several projects? Will it be cheaper and easier to do such acquisition rathan than competing with other oil companies on each individual project? At this stage, I'm not sure if anyone holds blocking stake in this company (correct me)? Are there any provisions in negotiations where a company cannot takeover the other company as they may have inside info about the projects or terms of farmout or any other info?? OR can a PE company acquire and split the company to realise more value?
I would appreciate if any analyst can provide their view on this topic?
MEO has several amazing projects with a very healthy cash...
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