Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-80

Hi sjbomber,

I think it is a fact that MIN took away Hancock's opportunity to accept the STX offer and thus gain a strategic or blocking stake of about 20% in the combined STX/WGO company.

This window would have been open to Hancock from February 6 to 14.

However, as MIN had increased its stake in WGO from the original 16.35% to 19.17% and had also accepted the Hancock offer at a time when HPL had ended up with 50.54% of WGO, this possibility was ruled out. Had MIN raised to, say, only 18.5% (or accepted the Hancock offer at an earlier stage), Hancock would have remained just below 50% in WGO and the option would have remained...

The only open question in my eyes is whether that was accidental or very much intentional?

Just for those interested here the Link to post #71766993.