why would STX offer 1:1 when their marketcap is above 700 Mil -...

why would STX offer 1:1 when their marketcap is above 700 Mil - makes no sense, I understand WGO holders would want such an offer but from STX perspective why should they,

They have scuppered the biiding between BPT and GR - GR has no reason to offer more and Regal are cowboys and most likely seeking to sell to the highest bidder privately to ensure takeover and that has also been scuppered by STX -

Regal could see value in WGO and happy to hold out but see no real payday comming soon - the directors will sell out either on makert or to GR whichever is the higher