STX 2.50% 20.5¢ strike energy limited

Ann: WGO: Strike's Second Supplementary Bidder's Statement, page-57

  1. 8,593 Posts.
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    they are both required to keep their offer open until its closing date.
    there were no conditions, I think, on either of those offers (?), so no conditions or excuse to close it early.
    there is also the "truth in takeovers" provisions to comply with.
    I am not sure if STX can close or withdraw offer on basis that it has not officially opened - but why would they, as they have got the support of that other 10% of s/h who want to see a merger.

    Whoever purchased that 15% had 2 Business days to lodge a Substantial SHareholder Notice.
    Anyone who acquires an interest in 5% or more, must lodge the Notice.

    Anyone recall which day that 190m or so was traded??

    So 2 Business days after that trading day - so today or tomorrow ????

    If no Sub S/H Notice is lodged, then it must mean that the parcel was purchased by a number of different parties - who must all be unrelated.

    they probably have until close of business today?

    If Media is saying it is MIN, then odds on that is who purchased the parcel.
 
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20.5¢
Change
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Mkt cap ! $587.4M
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20.0¢ 20.5¢ 19.8¢ $921.8K 4.574M

Buyers (Bids)

No. Vol. Price($)
9 431071 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 1685893 27
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