Another thing is, if STX wanted to get UIL, they have to do it before drilling West Erregulla. A success at West Erregulla would've caused at big re-rate at UIL, meaning it would've becoming a fast moving target (and a target for a bigger predator).
This transaction makes complete sense for UIL. They essentially get upside exposure to Jaws, upside exposure to West Erregulla and their own pet project financed and developed.
Ann: Strike Takeover Offer for UIL Energy, page-23
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $515.7M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $1.632M | 9.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1496984 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 1648396 | 15 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |