STO paid just over 12% premium when it proposed the merger with Oil Search in 2021.
It will be interesting to see how much premium WDS is willing to pay to acquire STO shares.
Correct me if I am wrong, but I believe the average broker price target for STO is over $9 a share. This means that WDS would need to pay a little higher premium to get the merger conversation going and to sell this to STO's majority shareholders.
In my opinion, this proposal is a great idea to improve shareholders' value in both companies. I hope this goes ahead
STO paid just over 12% premium when it proposed the merger with...
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Last
$7.94 |
Change
0.050(0.63%) |
Mkt cap ! $25.78B | |||
| Open | High | Low | Value | Volume |
| $7.96 | $7.96 | $7.88 | $52.96M | 6.684M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12545 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.95 | 91417 | 15 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |