... but I find interesting. I've been watching the AGU-CF-TRA love triangle and things are starting to heat up.

AGU, which is trying to take over CF, seems to be gaining success with their bid, with 62% of shares voting for the takeover. Meanwhile, yesterday, CF got three of its nominees to the TRA board (ousting the chairman) - a pretty good indication of what TRA shareholders want.

So TRA shareholders want to be bought out by CF (while the TRA board of directors does not), while CF shareholders want to be bought out by AGU (while the CF board of directors does not).

Interesting. (I pretty much exited my long position from before, leaving just a small amount in place to catch any additional upside - I'll initiative a long in another one of the players next week)

Posted by roy on November 21, 2009 at 01:22 PM in Finances | Add a comment

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