Could be. But I have my doubts STX would agree to either MIN or Gina converting (although the legal nuances are beyond me).
I think the WGO takeover can be completed in stages
1. Get effective control
2. Takeover STX. Get their 20-30%
3. Wait a while. Mop up the rest.
If this is the case, we might be at the stage where it makes sense to sell WGO on-market. Especially if Ellison gets to 12-13%, Gina gets to 38% ( ie. 51% combined) and withdraws her 36 cent offer.
Ann: WGO: Strike's Second Supplementary Bidder's Statement, page-36
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $501.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $1.170M | 6.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 1634397 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 617607 | 7 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |