i am for the merger and new management.
what has not yet been raised on the forum is that, since the nen TO failed, the merger with NEN is progressing to the next stage, therefore MEO is a ripe and juicy as it has ever been for a TO offer. Once NEN's cash, additional shares and management merge with MEO a TO will only be more difficult.
ES needs a cost effective, low CO2 emission solution (noting China/US global emission targets will eventually come to ahead in our domestic politics).
Right now MEO has its belly exposed and if anyone was ever going to make a play for meo now is the time through to December/January. We are about to find out whether any entity is or hopefully entties are actually seriously interested in the TS projects...
If you consider the ratio of circa 0.75 nen = 1.0 meo, then MEO is a must buy noting both SPs.
Adl
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