'Well Veridian get some help with the currency, since their initial offer. I'm sure they won't walk away. It's a great fit for them.'
They paid $16m to hedge the currency so they probably have little room to move based on the FOREX gains over the past 2 months. However another US bidder could justify an extra 8% just on the FOREX, which would take it to above $30, so there would only be about a 10% extra to get to the new offer price.
SRX Price at posting:
$27.85 Sentiment: Hold Disclosure: Held
