sto will have to pay hgo a fortune if they make a take over for esg before the end of the year.
i think they will wait.
however, if a third party makes an offer, sto will have to pay half the value to hgo anyway. therefore, i think they will make a counter offer.
hence, the best outcome would be for a third party to make hostile bid and then sto enter a bidding war.
if i was sto and was going to have to pay half for nothing or whole for everything i know which option i would choose.
see, HGO announcement from mid year last year for details of esg share sale.
sto will have to pay hgo a fortune if they make a take over for...
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