Credit Suisse analyst Mark Samter said Beach should make a move.
“We struggle to see what Beach are waiting for on the long-awaited (Drillsearch) M&A,” Mr Samter said in a note after Drillsearch’s full-year profit report last week.
“If they have to go hostile, it is hard to imagine too many investors who wouldn’t lock in 25 to 30 per cent profit at the moment.”
Anyone think Mr Santer is right ?
Merger saga, page-2
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