Albeit low due to board recommendation and uncomplicated acquisition mechanism... but still not zero risk of the deal not proceeding.
2.) Time value of money
Some investors might think - with good reason given the following the market's fall in recent months - that they would rather forego the remaining 10% upside and instead recycle the capital into more attractive investment alternatives.
I know that's what I will do on 1 July if the stock price is still at current levels.
"Will it trade at $1 anytime soon?"
No. It will rise gradually to a $1 between now and October.
And - given this is a knockout bid par excellence - it is highly unlikely an interloper will come over the top
.
PYG Price at posting:
92.0¢ Sentiment: None Disclosure: Held