Ann: STX: Strike increases ownership of Warrego to 19.9%, page-37

They did. The original offer was 1.2.

The current board didn't even present it to shareholders before rejecting.

Then the whole GWC debacle ensued.

The share prices of both companies tanked, leaving both vulnerable to exactly this type of scenario. This all could have been prevented if the initial offer wasn't rejected out of hand.

This is great news for WGO shareholders, but lets not forget why it was so cheap in the first place, and the fact that is still hasn't surpassed the highs post-intial WE results.

I'll just be glad to see the back of the Scotsmen.