Regal

I've read a bunch of threads about BPT vs STX for this takeover, and one of the things I've not seen discussed is the curveballs Regal can throw right now.

Regal can simply buy up STX, putting upward pressure on the price...lifting the valuation of the offer and therefore WGO shares, blowing BPT's offer out of the water with not a lot of investment downside, given STX is undervalued anyway.

It doesn't even have to Regal, it can be anyone...but they have a vested interest in making these offers look cheap, especially the BPT offer. Easiest way to do that is pump STX stock.