ESG eastern star gas limited
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As our board are obliged to recommend the STO offer in the...

  1. TraderReg
    1,465 Posts.
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    29/07/11
    22:34
    Post #: 8749019

    As our board are obliged to recommend the STO offer in the abscence of a higher offer I was wondering what constitutes a higher offer!?!

    Obviously someone offering cash/scrip worth more than the STO offer, but what if a deal is put by, for instance Marubeni to acquire x% of NLNG and y% of ESG by way of a placement and those numbers are undeniably very attractive. Does that constitute a "better offer" in the sense of the SoA agreement?

    TR
    ESG Price at posting: 85.5¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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