I was hoping for a bit more discussion of this important announcement...
I do wonder, however, what this means for a near-term takeover offer. If I was a corporate advisor, I'd be recommending making a move now, rather than waiting until STX becomes a producer, and thereby, financially independent (so to speak). As an acquirer, you'd also want the the process well underway (or nearly complete) before the cashflows hit the balance sheet (end of Q3). So that means the window for a lowball takeover offer is closing.
Which suggests it will come soon, or not in the next 3-6 months?
Anyone else have any thoughts?
I am just happy that Strike has made it this far, and has clean air ahead regardless of any potential takeover.
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