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21.0¢ strike energy limited

Ann: Talon acquisition update, page-186

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04/09/23

17:05

Post #: 69725108
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Originally posted by 618: ↑

As far as my understanding goes, they are essentially two separate transactions. As I have learnt many times before in life, nothing is certain until it has happened. I went through the STX/TPD scheme contract the other day, and either side can walk away but will need to pay a break fee that is equivalent to all the costs incurred relevant to the transactions in the absence of a superior offer for TPD. In other words, if someone else places what is deemed to be a better offer, then either side can walk away for free.

So, it all comes down to what the potential STX suitor wants, and what STX is willing to accept. If the suitor doesn't want TPD and offers a price with the condition that the STX walks away from TPD, then it is up to STX whether it will accept it or not. In some of the past M&A deals, the target companies had gone out and done some deals commonly known as a poison pill as a defensive strategy.

618

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There is no potential STX suitor at this SP you will have to wait till the low 30s before anyone gets excited imo

WGO sets your price for WE asset with an uplift for being the operator, SE not proved up and Waylering is no panacea.

STX Price at posting: 38.0¢ Sentiment: None Disclosure: Not Held
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