Not quite Jake I have a different perspective having just now...

Not quite Jake I have a different perspective having just now accepted the STX offer either way STX was going to benefit from holding WGO either way. Now with this statement this line stood out to me

Strike will have access to ~$183 million in available cash and undrawn committed debt facilities

So a nice little war chest and no CR required for now and a possibility of further takeover bids to come. As someone said STX is all about looking after the shareholder.

For me his also ends the total debacle that was PRL by another name. As they say same meat different gravy.

I'm sure that once the dust settles STX may go down, might even go up - C'est la vie.

Cheers
BW