Quote Originally Posted by moimoi View Post
Exactly..

And difficult to imagine that the pensions funds and institutional investors providing the funding to EQT funds are doing so to fund risky and expensive legal campaigns down in the South Pacific...

Settlement beckons...
So next question : What would be an acceptable offer to the institutional shareholders?

A figure of $6 has been put out there (refer The Australian) which could have only come from EQT.

For the hedge funds who bought hundreds of millions of dollars worth of MET shares as an arbitrage play (gone wrong), $6 would be perfectly acceptable as they need liquidity to get out of their huge position. Hence, the agitation once they are made aware of the revised offer imo.

For other shareholders however, EQT's revised offer suggests EQT know they are on the back foot in the litigation and there could be serious reputational as well as financial damage if they lose.

Well, the adage that the first offer is never the last and final offer applies - so look for some sort of amicable settlement at around $6.30 to $6.50?