implications of a move on sto, page-8

maverick

That's an intriguing suggestion. Many of us think that STO bought into ESG and has promoted the future of the GB to make themselves both a larger but also more attractive and valuable target in the nevent of a takeover. I recall that QGC gobbled up several small csg companies while being pursued by BG so it does happen and with a share price more like $25 (which is what any serious takeover offer would get to) a scrip offer for ESG would be the go. Interesting.

Yaqona ... my understanding is that if a company moves to > 20% they have to make an offer but if it does not succeed they can just then sit on the register .. look at Shell's 34% of WPL for example.

H