KAR 0.00% $2.16 karoon energy ltd

241 mil would have been the sticker price to exercise preemptive...

  1. 916 Posts.
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    241 mil would have been the sticker price to exercise preemptive rights over Grace 2 as you put it. Maq done pretty well (not) with their 50% investment in Quarant so far, bought their 50% share for usd$1.05b, then sold a net 13.7% of their 50% (leaving 36.3%) for usd$100m to Westfarmers. Karoon would have been well advised by Erwin to ask for the same deal out of Maq as Westfarmers.
 
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