maverickThat's an intriguing suggestion. Many of us think that...

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