there is usually fire. I emailed EDP and asked if they plan a hostile takeover of useg. They responded with a nebulous answer which neither confirmed nor denied the takeover. I immediately emailed them again and have heard nothing yet.
I am thinking there may be something to this because, if not, edp would have outright denied the takeover. Also, useg was putting news out frequently but not lately. They seem to be wrapped up with the upcoming shareholders meeting. I hope someone objective lives near useg and attends the meeting and reports back to us.
useg is required by law to report any potential takeovers to shareholders and I tried to email useg but their site is under construction. If anyone thinks they can get a definitive answer out of edp here is their site address and you can email them from there: