Non binding Get to look under each others skirts - that is worth the price of admission
Can only hope now data room is open that another party gets interested
Normal divs policy till closeure puts STO holders ata further advantage .
Prices now in lockstep till further notice.
Management walk away with a motza and probably released from any constraints in regards to performance shares , bonus etc and really depends how teh offer is finally classified.
STO have bargain of the decade but OSH partners may not be happy and may use pre-emtive rights or last right or refusal to take control of projects that STO may be placing high value on going forward as growth assett.
There is still risk here for STO.
Not happy as a shareholder and one that had the crapper dilluted out of em last year for management to not follow through and produce growth just simply survive and accept a lowball offer - not impressed overall. I know part is market conditions , Alaska couldn't be sold down of development move ahead as quickly but after getting through earthquake and start or covid there was lots of value to be added.
Only hope another offer but realistically any offer will likely godirect to STO and someoen will buy out part of project from them and STO will book a margin and look like heros . If only this offer was binding and then someoen had a go at STO to create a mega group?????
OSH Price at posting:
$4.02 Sentiment: None Disclosure: Held
