If I had to throw up a theory....they waited until the really obvious alternative bidder (Santos) was firmly in the process of its Oil Search acquisition, so they really couldn't act.
I seem to recall Beach Energy stating a while back that they were laying low and not on the acquisition radar?
Personally, I think if a bid came in when STO were not tying things up with OSH, we would have certainly seen a bid. I don't htink it was coincidence this bid occurred when it did.
Certainly helped them that we have a weak board.
- Forums
- ASX - By Stock
- SXY
- Ann: Court approves Scheme Booklet and convening Scheme Meeting
Ann: Court approves Scheme Booklet and convening Scheme Meeting, page-171
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online