Is a Reverse Takeover about to happen

With all the consternation about the Corporate Transaction, perhaps there is something else we shareholders need to think about, a reverse takeover.
ERM have stated they wish to leave the upstream oil and gas industry and concentrate on their power generation and retail marketing of power.   To do this ERM need to demerge ERMGas.  
A demerged ERMGas will be unlisted but cashed up and can be made a takover target by a public company such as EGO which is cash strapped.

Some info on  reverse takeovers.

http://www.mallesons.com/Documents/A_guide_to_takeovers_in_Australia.pdf

http://blogs.wsj.com/dealjournalaustralia/2013/01/23/as-ipos-struggle-reverse-takeovers-shine/

http://www.benelongcapitalpartners.com/reverse-takeovers.html

http://www.smartcompany.com.au/fina...-to-make-asx-debut-via-reverse-takeover.html#

DYOR but it is an interesting speculation particularly as to what happens to the $16M that will be owed to ERM/ERMGas.