So Hancock need 50% of the remaining 29% of WGO shares to get to their 40% mark and return 36 cents to those who accepted. Little to no chance of that happening in my opinion.
Given there will be quite a few shareholders who simply won't accept anything and retain their WGO shares, there's also little to no chance that STX will get to 50% ownership of WGO unless either WGO or MIN take up the STX offer. I think there's a reasonable chance this may happen, giving STX control of WGO and whoever accepted, a major shareholder in STX and seat on the board.
I feel STX will probably get close to another 10% in the next week, with a lot of people probably like myself, who waited this out until the end to see what more may come from left field, with underlying intention to finally take the STX scrip offer and follow the PB journey.
We'll all find out soon!
So Hancock need 50% of the remaining 29% of WGO shares to get to...
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