STO paid just over 12% premium when it proposed the merger with Oil Search in 2021.It will be interesting to see how much premium WDS is willing to pay to acquire STO shares.Correct me if I am wrong, but I believe the average broker price target for STO is over $9 a share. This means that WDS would need to pay a little higher premium to get the merger conversation going and to sell this to STO's majority shareholders.In my opinion, this proposal is a great idea to improve shareholders' value in both companies. I hope this goes ahead
Ann: Response to media speculation, page-10
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Last
$24.33 |
Change
0.200(0.83%) |
Mkt cap ! $46.19B | |||
| Open | High | Low | Value | Volume |
| $24.18 | $24.33 | $24.11 | $86.65M | 3.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $24.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.34 | 500 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |