tIr was clear that Regal would convert to STX unless there was a higher offer. It as pointed out in the STX announcement. The STX offer does not open until Friday.
Clearly a third party has entered at 35 cents. Hopefully MIN (assuming article is accurate) offer all shareholders 35 cents.
STX is likely to receive a takeover offer prior to drilling its next well.
Based on its land holdings with substantial upside the offer will need to be circa. $1 to succeed.
tIr was clear that Regal would convert to STX unless there was a...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $1.286M | 6.437M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 2938570 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 2792650 | 15 |
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