Ann: WGO rejects non-binding indicative proposal from Strike, page-89

Have to agree on your figures.
A merger is undoubtedly the best way forward, STX needs to bite the bullet. The possibilty if the merger was not to proceed is that WGO is taken over by another entity that does not have the same strategy as STX or another party buys a portion of WGO’s WE stake further complicating joint venture arrangements.

Really it is all chicken feed at the moment considering the relevant market cap’s.

Get it done and do a share consolidation - we will all be far better off.