A question for any legal eagles following the stx/wgo saga. If either Hancock or Mir bought enough shares on market to put them over the 20% T/O bid requirement threshold if they accepted Strikes offer for their WGO shares, would they then be legally obliged to make a T/O bid for Strike, or would the fact that they exceeded the threshold via accepting Strikes takeover offer for their WGO shares give them an out? It seems to me that the answer to that question may determine how hard they go after STX shares on market prior to Strikes offer for WGO closing.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 1851448 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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19.5¢ | 2322100 | 4 |
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No. | Vol. | Price($) |
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42 | 1851448 | 0.190 |
30 | 2010511 | 0.185 |
29 | 1029281 | 0.180 |
7 | 236398 | 0.175 |
10 | 595237 | 0.170 |
Price($) | Vol. | No. |
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0.195 | 2322100 | 4 |
0.200 | 865022 | 8 |
0.205 | 859725 | 5 |
0.210 | 1287556 | 11 |
0.215 | 891382 | 12 |
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