FoureMM
In my original post on this topic my comments were:
"Imo BP will want the total package - both ZEN and RVX - but what to do about the royalty shares? Will large holders of royalty rights acquiesce and vote yes? (My presumption is that the Zenith consolidated group gets taken out in a package deal and royalty rights are included in the purchase price of Zenith)
Imo the Royalty Rights are another bargaining chip, or are they nonnegotiable if a package deal is made? All conjecture of course, but I have always viewed the royalty rights as unconventional.
Chicagoest