If you are speculating on a increased ratio by STO then you...

If you are speculating on a increased ratio by STO then you would possibly buy OSH

If you were hoping for another outside bidder but OSH

If you believe ratio will remain same then buy OSH at slight discount but ahvve risk it doesn't happen or that STO price changes etc etc.

If deal remains as is you also must be aware that there are trax considerations. If you buy OSH there will be a ATO agreed price in regards to what price it assumes your resulting STO buy price becomes and structure of deal determins if you have a capital gains event triggered.

Others will also be trading relative price difference STO to OSH and hourly taking pips as news appears or market lags on one platform.

Going to be a mess till it settles down for both stocks as they have attacted themselves to each others hip. I bloody hope OSH has retained good advice and it's strategy isn't just to capitulate!!! It is a pretty piss weak deal IMO and hangs OSH holders out locked in for montsh till they get definate answers. A month with a non binding deal can be very expensive, massive opportunity cost , if market conditions change and that can happen in a minute IN PNG let alone world oil and politics. No break cost no nothing just a disturbed month while data rooms get looked at and traders play games.

Thanks OSH management , you area joke , and you could have got every OSH shareholder a better deal if only you issued options with the issue or other takeover defencese strategies a year ago.