Back on 17 Feb 2020 ALU shares hit a high of $42.76 and closed...

Back on 17 Feb 2020 ALU shares hit a high of $42.76 and closed at $42.63.
Then the covid panic hit.
One month later on 18 Mar 2020 the price hit $23.11
The price did recover until it hit a high of $40.21 on 21 Oct 2020.
But the AGM presentations on 19 Nov 2020 triggered a decline to low of $23.66 on 13 May 2020.
I don't know why people drove the price down.
The big downer for me was the level of Chinese piracy.

But just because the share price is low does not mean that is a reasonable valuation for this company.
Autodesk has struck while the share price is down.
Their offer is a price that the company could well be trading at in other times.
Realistically there is no takeover premium built into their offer.

As others have suggested a price in the $50 to $60 would be fairer.
But then what to do with that money in a grossly overvalued market.
Those dumb buy and sell traders and institutional clowns may not see it that way.
They will just see a 30%+ profit in only a few months or so and take the money.