We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Pricey Smith

22 February 2010 By Christopher Swann

The oil services giant is paying more for Smith International than is justified by the numbers. The cost savings support a bid at around $42 a share. So the FrancoAmerican group s $45 bid looks valuedestructive unless it hits an unexpected gusher.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)