Strength wise STX is a much stronger financial position to ride out this year, but If you look at the trade purely as a downside vs upside proposition either there is going to be a higher offer or if WGO does run out of money STX will come back with probably another similar maybe lower 1-1.2 share offer so as not to lose EP429 to another entity
Ann: WGO rejects non-binding indicative proposal from Strike, page-40
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