you wrote: 'Packer wants to delist ecp so he can hide the embarassment that ecp is for him and James, and as such he is offering a generous payout.'
Do you think a red face is a credible reason for Packer to buy back an asset at (according to you) a vastly overvalued sum? Please tell me you're not serious.
No. The only reason the offer is there is because he knows he can make more on it than it is going to cost him. That's always the bottom line, and on his track record I'd have to say that Kerry knows his stuff.
