RE:RE:RE:RE:RE:RE:Start of Something Good ?
I believe that Dunn was not privy to the details and wrongly assumed that the $17B offer did not include an assumption of debt. If the offer was net to shareholders (meaning GDF Suez also assumes all current liabilities) the value of the offer was $16+ share. This seems more believable since TLM has been trading between $12. 12 - $13.25 over the past 90 days. Common sense would dictate that any takeover offer would not be below any weighted average share value just prior to the offer. Usually a premium to that share price.
The article states "French electric and energy utility GDF Suez SA tried to buy Talisman for $17-billion including debt" Now did they mean $17B + Debt or $11B + Debt. Time will tell