STX 2.78% 17.5¢ strike energy limited

Ann: Talon acquisition update, page-53

  1. 9,251 Posts.
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    On the last point, agree. On the NPV, the point is moot as STX are making an unsolicited offer and therefore accept the risk. Afterall, STX understands Walyering better than anyone. On the range of valuations, STX implied offer on day 1 was below base case. If all STX wanted was L23/EP447, they should have structured the deal accordingly. I honestly can't see how any Independent Expert will find this deal in the best interests of TPD SH. The only people that love the deal are STX holders, some of whom hold both.
 
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