STX OSV: The co has clarified that while parent STX Europe is continually exploring strategic opportunities in relation to its interests in its subsidiaries including, STX OSV, it have to comply with a 12 mth lock-up period for its stake in STX OSV which ends on 12 Nov 2011. However, they can be granted exemption from the lock-up after 6 mtths of the IPO only with the prior written consent of Goldman Sachs. As of to date, STX Europe has not made any firm plans to divest its stake in STX OSV
However, STX can still offer the shares for sale in May 11 if Goldman approves. Nobody is any the wiser with this open ended answer, which still leave room for a potential sale next month.
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