Yes it's a full takeover. At this point it's about risk, reward and probability. Who would buy for $1 to get $1 back in October, with some sort of probability that the deal might fall through & the price retreating. Only upside would be a superior offer or some chance they will raise the takeover price but at the premium they are offering that would be low probability.
So there are people buying who see a high chance a certain percentage gain over 4 months. There are also people like me who are selling because their perception of the risk/reward ratio & who believe they can now get a higher rate of return on their money elsewhere. So in these secenarios the price will balance between the 2 forces
PYG Price at posting:
92.0¢ Sentiment: None Disclosure: Not Held
