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.
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Ann: Strike Takeover Offer for UIL Energy, page-23
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18.0¢ |
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26 | 987553 | 0.190 |
9 | 1267825 | 0.185 |
19 | 1662137 | 0.180 |
37 | 2338250 | 0.175 |
Price($) | Vol. | No. |
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