So the two big questions for are why is ROC management willing to go alone with this (unless its main shareholder is actually in support of this) and secondly, will the deal actually go ahead...
While I agree that the 50/50 split would have been much more palatable, the merger company as a whole would be a great vehicle for investment.
As for Talisman thinking about Exiting, on the flip side, Osaka is entering...
ROC Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held