There have been a number of companies been through TXN dataroom. At the time TXN wanted a good price as indicated by the price the options were granted. Management wanted at least $1.10 per share. Not all who went through the data room will know they are now planning to give the acres away cheap (thinking US companies). Hope management has already informed them. Management will still have a hope for their options.
If AUT was in the dataroom they will no doubt be watching the upcomming wells with interest. And they will know that even if they pay a reasonable price the market will increase their share price.
The acres are so cheap and the timeline to the merger soo long I am hoping we get at least one other bidder
Hate for all this pain to have been for nothing.
Being ever the optimist I see this as management saying will will fix the ownership structure, make it clean, and have accepted the first bid. Well data will be known before any other bids are needed to be placed. So hopefully we get more information on the wells this time than in the past.
Perhaps I dream,
Anyway good luck all and DYOR (cause I know nothing)
TXN Price at posting:
38.0¢ Sentiment: Hold Disclosure: Not Held
