I think whatever an offer may be, shareholders will feel like...

I think whatever an offer may be, shareholders will feel like it's not enough. The reality with a scrip bid is an extra cent or two shouldn't make a difference - the opportunity is in the growth of the purchasing company. Right now, I feel like there's more growth in STX and there is in STO, so would rather roll my TPD shares into STX. Of course there may then be a later opportunity to roll STX shares into STO should an offer eventuate.