Look STX has not got a take offer yet as the big players probably already know the powers that be wont accommodate them for anything under a $1 and probably a whole lot more.
So they hoover up the stupid smaller fish WGO with obliging directors first.
Meanwhile they slowly buy as many STX shares in various ways as they can keeping the price as low as possible meanwhile within the time table imposed deadlines.
Down the road they may try a merger of interests and try to reduce STX's percentage by speeding up development spend of the assets at a pace that STX cant keep up with forcing them to give up a percentage step by step to those that can keep up.
Plenty of ways to skin a cat.
Bid for STX to get WGO too, page-4
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