yep, WGO has roughly 50% of the number of issued shares as does STX. So an acquirer of WGO and STX would have to acquire roughly say 1.5x the number of STX shares at say that 60c price.
But of course, when they pay for those extra WGO shares (which would be converted into STX shares) the acquirer would be gaining the assets of WGO, and benefit from all the synergies involved.
Ann: WGO: Strike's First Supplementary Bidder's Statement, page-325
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $643.6M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 21.5¢ | $3.339M | 14.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 337869 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 1651352 | 24 |
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| STX (ASX) Chart |