one has to confess this is very well prepared by dpm.
they probably have fixed contracts with the 2 hedge funds and adt-management is on their side. irrevocable ! How much will they have paid for this "irrevocable" nobody would sign that for free. is it ethically ok for management to limit themselves to one bidder ?
to make a bid against 37 % fixed approval and with predominantly retail holders being the rest is a very tough job.
sp will for the remaining time in summer be held steadilly at a discount to the bid offer so that it remains attractive to accept the bid.
ADT Price at posting:
$5.44 Sentiment: Hold Disclosure: Held
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