DTM Early Birds - Re: DTM Early Birds Stream Log - It's possible that Seplat wants...

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DTM Early Birds is a custom discussion created by BuyBAO on 30 Jun 2014. You may be required to request membership in order to view this discussion.

For the DTM chaps.

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It's possible that Seplat wants to carry out rigorous due diligence on Afren, which would explain the delay but it's more likely that the two groups are fighting over an appropriate purchase price. After all, Seplat will have to take on Afren's liabilities if it acquires the company, including Afren's $1.2bn debt pile. This means Seplat will have to seek approval from Afren's bondholders.

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