ERHC Energy Inc (ERHE)

[brez63]

KNOC hostile take over of Dana.

http://www.reuters.com/article/idUSLDE68N0OW20100924?pageNumber=2

"KNOC's takeover of Dana, which became hostile in August, is the first time an Asian state-owned company has ever proceeded with an unsolicited bid according to Thomson Reuters data, but is not likely to be the last.

"I think there are more of these Asian hostile offers to come," a source close to the matter told Reuters.

"If you're an Asian corporate and you see this, you realise, you don't have to cross the chief executive or management hurdle anymore. You just need to cross the shareholder hurdle.""

And that's why, immaterial of our managements doing, ERHE will only be sold when SEO has been satisfied with the offers. For ERHE he is "the shareholder's hurdle".

Cheers
Brez