Hopefully it will drift a bit higher before any bid emerges. A 30% premium on $9 would be better than one on $8. My only concern on a P/E bid is that leveraged finance markets are tightening up, so they better hurry if a P/E bidder wants to pack a lot of debt into the deal. Either way, this should drift upwards regardless of whether a bid emerges or not. Good problems to have.
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