ESG 0.00% 86.5¢ eastern star gas limited

One thing that confuses me: STO valued ESG at 1$ when they...

  1. 1,504 Posts.
    One thing that confuses me: STO valued ESG at 1$ when they bought in and ESG has more than doubled reserves since that time. So why would STO push the price down to launch a takeover at around $1.50 unless they knew ESG management would accept the offer.
 
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Currently unlisted public company.

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