I haven’t looked at API but seeing they played on SIG I think...

I haven’t looked at API but seeing they played on SIG 

I think they have decent management running the join

they time it to perfection and offer a knocked out premium so I don’t mind having shares in API post merger.

I think they have eyes on sig for a while and be a patient predator, they wait for CW contract to collapse that create a perfect opportunity for them.

1 they don’t want CW contract any how, shitty return for invested capital 

2 they quick to move once the contract collapse before sig get their $300m in working capital back and start using that to generate better return than CW contracts

and hence the October approach.

3. Market crash Price is now low enough so they act quickly and at lightnigh speed so they don’t need to be patient any more, a huge premium stills work in their favour.

I expect a very speedy process before CW contract end and SIG get $300 of working capital back, they want that working capital and start the expansion and the assault.

market give a thumb up big time for API with a huge price rally,  there is little down side to this move.