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Very good post WMB - and all great points.I would think a...

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    Very good post WMB - and all great points.

    I would think a takeover at this stage would be more likely from a hedge fund, large Asian institution, private equity firm or sophisticated investor(s), than BP. They are more likely to act before announcements, why on earth would they wait to pay a higher price?

    Totally agree with the comment above. Puts a different slant on what I posted and brings into the equation that, at the current valuation, a BP would consider IMU a cheapie purchase. I can defer to that argument.

    I would add that IMU still needs some more definitive results to attract those players. How much more is the big question.
 
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