Another thing is, if STX wanted to get UIL, they have to do it before drilling West Erregulla. A success at West Erregulla would've caused at big re-rate at UIL, meaning it would've becoming a fast moving target (and a target for a bigger predator).
This transaction makes complete sense for UIL. They essentially get upside exposure to Jaws, upside exposure to West Erregulla and their own pet project financed and developed.
Ann: Strike Takeover Offer for UIL Energy, page-23
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.8¢ | 23.0¢ | $3.083M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 825367 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 303948 | 5 |
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