Here's something different (by the way, I like all of the musings so far. Clearly there are many permutations).
What about one of the big fish, Mitsui/Woodside etc lobbing a credible takeover of Strike at say, 60 cents.
This would send WGO skyrocketing and push everyone into the Strike 1:1 bid.
It does not change anything for the purchaser of Strike. The equation is still the same, 1:1. It will not cost the acquirer any more.
Neither Hancock or Min Res would get any more WGO. Strike would get full control of WGO and the game would be on for Strike.
Just another thought to go with all of the others.
Ann: WGO: Strike's First Supplementary Bidder's Statement, page-321
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22.5¢ |
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