tullow holding afr article, page-5

hi kkw - I am with you - sorry hardmano - the more shares they hold, they greater the chance that determined opposition will win on the day.

doods - although it pains me to say it - and my sentiments are yours, the law and precendent with SOA are with hardman - the notalk/no shop clause and the break fee are typical of these transactions.

They may be legal - but to me they stink.

I posted earlier some legal articles suggesting that SOA may not be in shareholders best interests - but certainly in the interests of managers.

Note that while the CEO of Tullow has built his own company - Potter is just a professional manager - and probably feeling out of his depth - which no doubt the Tullow CEO played upon to the hilt - with lots of friendly advice etc etc.