agree
BPT will go for on market or off market offer and be satisfied with 50% plus controlling stake
then will call shots in JV venture
On the other hand Scheme of arrangement goes via court which may take STX move as infringing on minority rights and take appropriate action
therefore BPT takes time to consider all alternatives
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- Ann: STX: Strike increases ownership of Warrego to 19.9%
Ann: STX: Strike increases ownership of Warrego to 19.9%, page-146
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