It said that it would only accept bids from third parties for YPF control if they paid at least 25 percent above the base price of $38 dollars per share paid by Repsol for the 14.99 percent stake.
Would that valuation be one of those "because I wish it to be so", or is there a reason backing it up?
Probably a price sufficiently high that both parties understood it could not be refused.
For Repsol, seems to be the time to buy, while oil is cheap... unless it will get cheaper... I am sorry, I do not remember the name of the Spanish companies, (nor the Mexicans, I just know that it has taken place)
I think it's a good time to buy some shares, especially one of the smaller outfits with a nice balance sheet.
Interesting developments. In Mexico, Spanish banks and brokerage houses have been buying their [large] counterparts....
And Chile will probably become a full-fledged member of both NAFTA and the Mercosur sometime this year. Recent events have people hot on those two items. As a matter of fact, I read the entire Andean crowd may get into Mercosur.
Makes you wonder if it is 1492 all over again....
I've thought that myself.
But, you know, things just haven't been the same since that short French guy locked-up Ferdinand. The whole place just went berserk. Robolucion everywhere. |
