Hardmano I have been thinking about this myself, and I reckon STO don't have any intentions to takeover ESG as they say. I reckon they have got their foot in the door on ESG to make themselves more attractive.
Picture yourself as the suitor, if you took over STO you would be in a very good position to have a chop at ESG be cause you would already have 19.9% - not that you HAD to do this, but the very good option of blowing a few bil to increase reserves is there and real.
So in all, I think the 'bundle' of STO and ESG is much more attractive than just the one of them. As a holder of both, I'd love a tussle for STO first, then another tussle for ESG! Tell me I'm dreamin!
Cheers
Hardmano I have been thinking about this myself, and I reckon...
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