STU - Steel & Tube Holdings

[Timesurfer]

Looking for a brightside in the current fiasco at least my Milford account will profit even if my own shares don't!

[Justin]

Why Bluescope pay premium price to stop fbu take over?

[clearasmud]

They must have thought it was cheap.

[Marilyn Munroe]

Why Bluescope pay premium price to stop fbu take over?

Because Fletchers would be in a dominant market position able to rip off both customers and suppliers.

Boop boop de do
Marilyn

[Balance]

https://www.odt.co.nz/business/fletcher-blocked-out-st

Takeover play over.

Back to fundamentals.

All eyes on AGM tomorrow.

[winner69]

https://www.odt.co.nz/business/fletcher-blocked-out-st

Takeover play over.

Back to fundamentals.

All eyes on AGM tomorrow.

Hey Balance, not over but definitively over

'The proposed takeover of Steel & Tube by Fletcher is now definitively over,'' he said.

[Scrunch]

Hey Balance, not over but definitively over

'The proposed takeover of Steel & Tube by Fletcher is now definitively over,'' he said.

Or they are still playing games and want any takeover premium in the share price to disappear. If they do still have an interest in STU they should imo work behind the scenes with com com and get any clearances necessary to announce an unconditional offer. They should then follow this up by locking up 20%+ of the stock triggering a requirement to make an offer.

The problem for STU shareholders is that this looks identical to FBU walking away.

[trader_jackson]

It seems just as fast as the flurry of activity started, it is now coming to an end with the share price slowly getting back down to the $1.20's it was prior to the takeover speculation.

[steveb]

It seems just as fast as the flurry of activity started, it is now coming to an end with the share price slowly getting back down to the $1.20's it was prior to the takeover speculation.

Except $1.20 would attract other suitors to the party.It would be in the boards best interest to try and drive the sp up.

[GR8DAY]

Starting to look bloody cheap with recent professional? valuations of $1.70 and $1.95.