Sir Eddie is a veteran of the O&G industry and knows exactly how to deal.
I've often said, when selling, think like the buyer and when buying, think like the seller. Sir Eddie would know very well that other parties were interested and by endorsing this low ball offer of 0.825, it will put a rocket under the others to come out and counter straight away.
Sir Eddie's had enough I reckon. He's ready to make a killing and get out.
Gottaretire...
ITC Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held