Give Reason to hold or invest in CXO, page-293

So if you were to make a takeover offer for CXO, at what price would you offer ?

I can remember RIO doing a takeover of a IO company in Africa, paid a few pennies over the market price.
Then bitch about paying too much.
So for CXO's offer price anything up to ten cents, but not a tenth of a cent more.

Would the shareholders accept that price, probably not ?
But it's not the shareholders who decide the fate of companies,
it's the big boys from the big part of town who say what is what.

Because you are offered ten cents for each of your shares, the big part of town probably offer a higher price.
They can manipulate the price to suit who ever they want to.

CXO is dead in the water, so are the shareholders.