crxxc,
if they buy the target and short the acquirer, as you say, then the deal is sure to fall over. The lower STX goes the less attractitve the SOA looks to TPD holders.
However, you then say if the deal falls over they take a haircut? And if it goes ahead they make money....your not making sense? Why would they deliberately drive down STX if they would lose?
Are you sure you know what you are talking about?
Ann: Good Oil & Gas Conference, page-209
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Last
23.0¢ |
Change
0.020(9.52%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 23.0¢ | 20.8¢ | $2.859M | 12.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 226888 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 4366669 | 32 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |