Seascape Energy Asia Takeover Rumours (SEA)

Why on earth would they bid 3 x the current price ? I have never come across a takeover at. 200% premium to the prevailing share price!Makes no sense

The only way they could do it, perhaps, would be if a major could buy enough shares on the open market and try and force a hostile takeover. May be possible as there are not so many IIs left after the Norway exit (hence why we are at this lowly share price). Private shareholders maybe not so sticky with their holdings. Hostile takeover happened to Faroe Petroleum I understand - DNO bought enough shares on the open market and forced the takeover, no? Would be sad to see that happen though - for those intending to hold for long term and Kertang/Block 2A realised gains.