yep they can certainly afford it, but my hunch, and admittedly it’s a low conviction one, is that public co shareholders after 15 years of no returns, want to see buybacks and dividends, not m&a.
a mutual is a different scenario where presumably they see the combination as a way to effectively scale and utilise their lazy balance sheet.
Ann: Joint Statement Re Potential Cash Acquisition, page-19
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$4.24 |
Change
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Mkt cap ! $2.216B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 277820 | $4.23 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.25 | 13217 | 2 |
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