Plan was "green light" as at 21/6/23, how much earlier than that, I don't know exactly.
A point nobody has raised yet is how this deal would look if STX paid cash for TPD. If they were to offer us 20c/share as per the first offer as presented, acceptances would be capped at 30-35% (bully boys and NERO perhaps). At what price would STX have to a do a cap raise at it fund that? Now, raise the offer to 30c cash (probably get 90+% acceptance for a cash bid and move to compulsory acquisition). What sort of discount to current STX SP would be needed and what would that ratio look like? Maybe the bully boys can step for some STX via a placement and pay us cash value ex-Gurvantes
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Plan was "green light" as at 21/6/23, how much earlier than...
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