what if tlw get 50 but less than 90, page-3

If that is the case, you can choose to hang on to your shares, and it will continue to trade on the ASX. A good recent example was Patrick's t/o for Virgin Blue at 1.90. I held on (for the wrong reason - I was overseas when the deal came through). They didn't get the 90%, so they have continued trading since then, but never seen the 1.90 since, unfortunately.

That will be a delicate situation actually. They will run Hardman as a company, but how will then integrate it into their business while maintaining a separate set of books for Oz reporting purposes, etc? How will they determine which assets are kept under Hardman and which under Tullow, or sold? Nasty.

Can't see anyone wanting to hang on once Tullow gets control of the company - too messy IMO.

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