its all designed to push the retail investor out the door.
and its working. im exiting too... like most on here, im not a fan of the deal. too complicated, too many ifs and buts that go the way of the bidding company... nothing for gdo.
the old gdo on its own was a hold. and i would have gladly held for some time.
those waiting/hoping for a 2nd bid, i have a feeling u will be sadly disappointed. in takeovers like this, from my experience, they never come. the chinese have structured it to that end.
its board endorsed, the board have agreed not to shop it around AND if a bid comes the chinese have the right to match it... so who would bother with a bid anyways...
as for holding on for a guarenteed X% return in a few months... if anything, the last few yrs have shown that nothing...NOTHING...is guarenteed.
it was fun while it lasted. cheers all and the best of luck. see ya around...
GDO Price at posting:
50.7¢ Sentiment: Sell Disclosure: Held