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Nabors Industries Ltd. Message Board

  • tambo210 tambo210 Jan 22, 2013 6:40 PM Flag

    NBR with odds of a takeover

    So even the guys at Morgan Stanley think NBR has high odds of a takeover.

    Out of curiosity, how much do the clowns at these casino banks earn to speculate on such possibilities. I mean, it has nothing to do with drilling oil. I wonder how many actually take an interest in the sector's engineering activities.

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    • riteshsharon Jan 22, 2013 8:29 PM Flag

      What do u think will happen to the NBR stock price in case of a takeover? Will it go up or down?

      • 1 Reply to riteshsharon
      • It will go down.....Plummet actually! Low 20cents

        To make an offer to a company with a current stock price of just under $16, valued by the open market, you offer them less than the current SP and that will tempt all the current shareholders to back the offer and lose more than their current paper holding......including Pension funds, fund managers, Directors. Yes! That makes complete sense!

        Seriously? Is that even a question?

        The question you should ask, is what price above the current is a likely takeover price....

        Some on this board have touted $28. Sounds a massive premium from the current, but this company is the largest land driller in the US and has substantial assets. You don't just give up for a sh!tty offer.

        I'd like to see $28. Not sure if $40 is dellusionary (sorry about the speling )

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