Quite the roller coast ride for DWS shareholders. The share...

Quite the roller coast ride for DWS shareholders. The share price came under pressure back in February, soon after the company announced its plans to acquire SMX. Then the market warmed to the proposal, with the share price climbing to around $1.87. Now this latest news - ASG submits an Expression of Interest to acquire SMX for $1.80 per share – and the share price drops 10% (although has recovered slightly, I see).

Why the decline? Is it fear that DWS will (1) get into a bidding war with ASG, (2) will simply walk away from what the market appears to increasingly regard as a good deal, or (3) some combination of the two?

Here’s hoping for the sake of DWS shareholders that a bidding war doesn’t eventuate. I doubt I would continue holding if one does.