Sorry I still can't see the light regarding the issue that is...

Sorry I still can't see the light regarding the issue that is bothering me.

Does anyone really believe a sale price of $200m for EFS will lift the share price, in the current market, above $1.05 for 20 days?

I suggest that TXN managers are thinking that there is too much risk that it won't.

So a farm-in appears to be more viable in creating value for managers than an outright sale of acreage that would be be accompanied by a subsequent capital/dividend return.

As I dwell on this a little more I am thinking that a farm-in, or a corporate take over above $1.05 are the only options that potentially viable to TXN managers in this market, with the former being a much stronger possibility.