The STO's bid is a nasket deal, of which paying $40m for 30% of new QGC shares (or 20c/s) is only a part.
It doesn't really mean a new QGC share will only worth 20c. I believe it worths 50c as STO said.
From the market depth I reckon QGC will further go up shortly.
QGC
queensland gas company limited
