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DewDiligence

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DewDiligence

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Re: DewDiligence post# 8429

Tuesday, 05/13/2014 2:20:43 PM

Tuesday, May 13, 2014 2:20:43 PM

Post# of 29293
HES shareholders vote to eliminate “2/3 super-majority” requirement for a merger or sale of the company:

http://www.sec.gov/Archives/edgar/data/4447/000095012714000020/a14-34_8k.htm

This change increases HES’ buyout vig to some degree. (HES is small enough to be an easy tuck-in acquisition for one of the oil majors.)

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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