Replies to post #77 on Harvest Natural Resources, Inc. (HNR)

[stock1ace1]

buyout is still in negotiations hold tight~


It made a "fair" offer to buy the stake from Harvest, a source close to PDVSA told Reuters last week. Harvest responded that it had not received any offer that would be "remotely fair and equitable" to the firm's shareholders.

"We would prefer to negotiate a fair value. It is a normal process of negotiation," Del Pino said.

[stock1ace1]

Looks like offer was submitted but company didnt like the offer means the offer must go up if they want the buyout to go through