STX has been hammered too. STX have very little interest in short-selling WGO (even if they had the stock) as it would only push their price down too (through arbitrage). A merger has long been a sensible way forward. Even with both companies' share prices getting hammered, it is still a sensible way forward. I suspect the offer would have been made regardless of the current market conditions. STX is sitting pretty - compared to most in the O&G sector - because it raised 2 years worth of capital recently. In this regard, it got lucky.
WGO Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
