Metasploit wrote:All in all,this is a very good deal!
Puma energy zambia trades at almost 3 times its price at the announcement of the takeover of BP
Not valid for KEKE coz the buyout price:
1) Was a 'bargain' for Puma [BP was selling cheap to get out. What Shell did in Ethiopia. BTW, KK lost the bid to Puma for BP's assets]
2) The USD/Kwacha rate differential then & now
3) Zambia's economy then & now [7% growth, etc]
4) Very few listed firms [Airtel/Celtel suspended pending a takeover as well]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett