Ann: Warrego enters into Scheme Implementation Deed with Beach, page-25

The WGO board are absolute idiots. Offering to sell at this price...wow, just wow. They might be looking for higher offers, but from this low bar, shareholders are being shafted, even if it goes up 20-30%...

And what if there is no superior offer?

I hold both WGO and STX. As a WGO shareholder I will be voting no to this stupidity. As an STX holder I will not be supporting them in raising their offer as STX is already undervalued enough and it would be too dilutionary.

WGO may have gotten themselves in a pickle here. If no one else comes forward they've just sold out for a pittance. In the meantime STX get some more cash and just get on with what they were planning before all this came out.