STX 2.27% 22.5¢ strike energy limited

Ann: WGO: Strike's First Supplementary Bidder's Statement, page-82

  1. 8,705 Posts.
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    I'm trying to imagine how this might happen?
    Corporate adviser working on two things at once.
    Scenario 1: Has a brain fart and types "Strike Energy" into google to find ABN.
    Scenario 2: Has pre-existing documentation for a Strike offer, cuts-and-pastes existing document into NWE document, copies and replaces "Strike" with "Norwest," and forgets to go back and up-date the Strike ABN (I would do this sort of thing).

    Pure speculation, but maybe Beach put a spanner in Gina and Ellison's plans, forcing Gina to make a hasty bid for WGO. MIN will now wait for share price to settle before making a bid for STX.

    Easy to read too much into this sort of thing, but this sort of mistake can't be pure coincidence.

    Interestingly, G&T acted on behalf of Beach in the Lattice acquisition

    https://www.gtlaw.com.au/news/gt-advises-beach-energy-successful-completion-1585-billion-acquisition-lattice-energy

    Will be interesting if MIN update their offer documentation given its a clear mistake

    Last edited by invertedva: 04/01/23
 
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