gbomberI agree with you. they have had a history of extracting...

gbomber

I agree with you. they have had a history of extracting great returns from Arbitage. at the moment they are sitting on a return of 35.6% so the question is whether they are interesting in trying to get a better return or helping push through the no risk return they are currently sitting on.

I suspect that the board has already contacted them to find out where they sit. As I've mentioned before they advised me that they haven't even let the board know which way they will vote.

My view is that they need to start the negotiations before the vote, otherwise the whole thing may fall over.

I doubt that Coastal are really concerned about the post consolidation situation and would be looking at that as an upside to their current position of 35.6% return.