cash TO of $1.35 per share!!

A couple of months ago i wrote saying i felt TSE/BRS was a potential TO target'. At the time i suspected SPO would strike first. But SPO now has its own SP dive 41% on just a 10% downgrade in net earnings for June 2016. This is despite revenuse/earnings set to rise in FY2017 which starts just 7 months time. Just like the dive in BRS SP it doesn't make financial sense?

Now today we read Ferrovial has offered $1.35 per share CASH offer! Have there been forces at work? Only condition of TO is 50.1% acceptance which i feel is easily achievable as it is a 59% premium.

Hard to make 15% in this mkt so almost 4x that is something I'm grabbing with both hands. Hope readers bought plenty last week. Anyone shorting BRS is bankrupt.

When a SP is driven down well below value it sometimes indicates a TO is not far away. If i had any shorts re SPO I'd close them immediately.