True....but with the placement taking place at 11.5c and possible +ve announcement re. Jaws-1 the current ratio is in line with buying STX at 10.5c. Personally I feel UIL has more potential upside from these levels of the two. Not completely discounting the chance of a higher bid either, albeit slim. The ratio is still in place regardless of +/- sp action....UIL is going at unders.
UIL Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
