I too am having difficulty understanding why STU's SP is quite alot less than the 2.5x SXY's. Doesn't make sense to me as the deal seems pretty certain with the 50.1% acceptance condition and a 20% shareholder already accepting. Plus I see upside for STU if someone decides to come over the top (unlikely but its still a posibility)
Given the above, I've sold my SXY stock at 40c and picked up STU at a healty discount.
If I'm missing something here, please let me know.
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