STX OSV: Recent rise spurs stake sale expectation with analyst noting a likely sale transfer of 50.75% parents' stake.
Recall that STX OSV has put on over 10% since Jan 3, while STI has inched up just 1.3% and STX Corp's chairman said last Oct that it had hoped to raise as much as 700b won ($779.8m) by selling foreign assets in the early part of this yr
Recent bull run on STX OSV also mirrors what happened over two wks in late Jun till early July. Then, it soared 18.3% in the two wks before STX Europe sold 18.3% of Co. to German investment fund OZ Management at $1.33 a share. The $1.33 placement price may act as a 'floor price' in the subsequent divestment, said DMG.
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