The announcement on 9 Feb by TAM, clearly states any deal with MLX is subject to shareholder approval. Simple as that. No shareholder approval, no deal. That is the clear and plain out for the MLX deal.
I think today's announcement values TAM a lot higher than what it is currently trading at. They will enjoy a lot of upside from having big brother NST on side.
Clearly NST is not doing this out of philanthropy. I am yet to fully understand the strategy, but you can bet there is a larger play unfolding.
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