Now I understand it:
STO is not paying $1.80 per share
STO's cash outlay is the equivilent of $1.30 per share plus another $40 mil for a 30% stake in the new company only.
The offer is not really $1.80 per share....from STO.
Whats the old saying...
Only fools rush in
Lesson learnt.
Comments/opinions appreciated.
