Atlas Energy develops natural gas in the United States. A publicly-held business, Atlas Energy has received an acquisition deal from Chevron valued at $ 4.3 billion. 2 firms are investigating the Chevron-Atlas offer. These firms are investigating if Atlas offered an offer that undervalues the stock. Article source – Atlas Energy Chevron buyout under numerous inspections by Personal Money Store.
What Atlas Energy is worth to Chevron
Atlas Energy has been trading at around $30 to $35 a share for the last few months. An energy development business, Atlas Energy controls over 9,000 natural gas wells. Fuel, additives, oils and other products come from Chevron which goes via Texaco and CalTex brands to. An agreement on what chevron could be paying for Atlas Energy had been made today. $43 a share had been the price decided on.
Atlas Energy offers leading to investigation
Certain standards in acquisition agreements are expected to be kept up with both Atlas Energy and Chevron as they are public companies. The Chevron/Atlas Energy offer has brought on an investigation to be launched by 2 major law firms that investigate shareholder acquisition agreements. Atlas Energy didn’t "properly shop around" in order to get the "true value" for its shareholders of Atlas Energy based on the businesses. Some analysts claim that a fair price for Atlas Energy would are between $47 and $65 per share. That's a huge difference. A no fax paydayloan can't even compare. Atlas Energy shares went up over $43 since the buyout offer. Chevron shares have gone down 88 cents though.
Identifying the worth of mergers
It’s really hard to determine what the buyouts and mergers values really are. The owners of a company are stockholders in publicly held companies. Atlas Energy has been trading for $30 a share. It is worth more than that to many different stockholders though. Determining the “true” value of a business can often be difficult, since it is based on a wide variety of factors. If it is found that Atlas Energy has accepted an offer too low, their shareholders could force Chevron to pay more than their original $4.3 million offer.
Info from
Marketwatch
marketwatch.com/story/rigrodsky-long-pa-investigates-atlas-energy-inc-buyout-2010-11-09?reflink=MW_news_stmp
Barrons
blogs.barrons.com/stockstowatchtoday/2010/11/09/chevron-buys-penn-nat-gas-developer-atlas-energy-in-43b-deal/
No comments:
Post a Comment