Friday, May 25, 2012

STX OSV

STX OSV: is -3% at $1.485 , on moderate volume. Earlier news wires and broker reports (Citi, Goldman) suggested that the sale of STX Group's 51% stake in STX OSV would be finalized this wk. There have been no fresh updates since, hence we suspect the sell down as the wk draws to a close, may be partially due to winding down of short term trading positions.

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