There are a number of issues why a WPL t/o is difficult
a) Shell has been knowcked back once already and the current Govt is not as free market as the previous one.
b) For another company to buy WPL, Shell needs to sell, and they seem to be very happy with the current state of affaris. They have no cah flow issues or need for the cash. The t/o premium would need to be so big to move Shell to sell that it would not be a good move for the aquirer.
HT1
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There are a number of issues why a WPL t/o is difficulta) Shell...
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