STO announcemnent and attached letter says 6 months talking to each other about proposal.
The proposal looks like a kids school project as they ahven't accessed data room so everything done on public assumptions. STO offering to pay all managements contracta nd continued employment etc etc is as good as a bribe IMO and stilll didn't get OSH nibbling.
The opaque messaging from OSH and contradiction regarding management change is beyond belief .
STO taking advantage of OSH IMO poor mangement and internal runctions. Don't blame them having a dig . Offer is very light on IMO and reality of saving of combined company won't evenuate IMO. The internal runctions and STO announcement coinciding is no coincidence IMO.
Question will always be do shareholders want cash or equity and what tax relief would be offered on combined company to OSH holders realising whole share in one fin year. .
Reject - get on with business and see what turns up. Going to be hard to recruit or new managemnt will get out clause with all benefits etc etc at shareholders expense yet again.
OSH Price at posting:
$3.86 Sentiment: None Disclosure: Held
