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Pioneer Southwest Energy Partners L.P. Message Board

  • lizahuang54321 lizahuang54321 May 8, 2013 11:40 AM Flag

    PXE trading $1 above offer price

    based on current price of PXD. Are people expecting an increased offer?

    For my part, I'm wondering why this was announced as PSE received an offer, rather than PSE agreed to be acquired by. It makes it sound like this was an unsolicited buyout offer which has not yet been considered by PSE. On the other hand since executives at PSE are executives at PXD, it's a bit like saying 'we received an offer from ourselves but haven't yet decided whether to accept our own offer'.

    How much of PSE does PXD already own, does anyone know? If it comes down to a vote by unitholders, how much is already in the yes camp by virtue of being owned by PXD?

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