U r correct ultimate worrier. U would therefore not buy in the expectation of Cleveland cliff increasing their bid as they can't. However I believe it stacks up as a buy anyway at 3.90 or below, as this could be a rare case that the takeover does not go through, however the stock does not fall, and in fact rallies because of its prospects as a stand alone company and/or expectations of another bidder. I bought at 3.48 and bought more today at 3.90. I think that CSFB and Atticus mayb be aware of potential rival bidders in the wings also.
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