sp manipulation a strategy for takeover, page-7

$3B will take this company out (considering the stream of dividends it delivers valued it at $8B last year).. and it doesnt have to be cash.

$2B for the takeover (800M shares at $2.50) plus $1B in cash for debt reduction...


or..

a scrip offer from a company with a better balance sheet.

If holders were offered scrip worth 25-30% of its peak value and a dividend stream.. it would probably be taken.

IMHO