@madanglighthouse - not sure who might be a rival bidder, others might have more to add here than I. However I would add that I would find it hard to locate another growth/future blue chip story as compelling as aconex is. Thus the opportunity cost is all in the selling/takeover for me.
also worth mentioning, the great australian investor rene rivkin loved a takeover play; he would probably be buying now not selling. buy at 7.63 and be exposed to the upside of shorts covering, or an increased bid by the suitor, or a rival bidder or likely worst case, make a small % by holding and selling for $7.80.
if you have an opportunity better than that, then fair enough and good luck to you. I will be voting no. the price is 'unders' imo.
one other thing - in my experience, the first bid is sometimes/often not the last. management may well have an inkling that oracle might increase the bid in the face of shareholder dissent; to a more realistic price.
ACX Price at posting:
$7.63 Sentiment: Hold Disclosure: Held
