Some good responses to your question here already - also remember that the "intent" to recommend accepting the offer was contingent on a number of requirements (ie. DD, independent assessment, better offer coming they may or may not know about etc) - @ChocolateTeapot has a good breakdown of the wording somewhere.
I like thinking about this almost with a sarcastic undertone from the Board...
"Sure guys, IF you can SOMEHOW prove to the world that this is in the best interest for everyone (good luck) - we'll back you. Until then, thanks for publicly rerating our the value of our company in this messy environment"
IMO. Could be wrong, but hope I'm right.
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Last
95.3¢ |
Change
0.038(4.10%) |
Mkt cap ! $2.291B | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 95.3¢ | 91.0¢ | $9.239M | 9.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 81483 | 95.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.5¢ | 158325 | 19 |
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