That was surely cairn India, registered in India? If Tullow do sell their entire stake then i agree the merger terms will have become very outdated. However the merged company will be nearly/completely debt free and the share price will be high.
RE: New Strategy by the Shorters - Plain as day to see!07 Jun 2022 16:08
From what i’ve gathered CNE shareholders don’t have a say as this is effectively an acquisition. Tullow shareholders will vote on whether it goes ahead which pretty much poo poos that line of thought there anton.