I see this very differently.
When the share price was ~$1.50, and TG rejected an offer of $2.50, that was a massive vote of confidence that sent the price going even higher than that.
Now, an offer comes through only 10% above market price, and nearly 10% BELOW the ATH, and the board is recommending approving it? And so close to production? That's a massive vote of no confidence IMO (unless of course there is some other games going on - but I think that's just hope at this point).
So if you believe that $3 is going to be the takeover price - which is the only realistic assumption one can make - then you have to ask how long is this going to take and when will I get my $3? If it's going to take months, then $2.90 now is a fair price to receive.
So IMO, the market is pricing in that this IS going ahead, at $3. SadlyI fear the best outcome us holders can have now is a higher bid from someone else, but I'm not getting my hopes up.
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Last
99.3¢ |
Change
0.028(2.85%) |
Mkt cap ! $2.412B |
Open | High | Low | Value | Volume |
97.5¢ | $1.01 | 97.0¢ | $6.554M | 6.611M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 146516 | 99.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.5¢ | 215718 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 146433 | 0.995 |
22 | 267119 | 0.990 |
20 | 438623 | 0.985 |
19 | 440346 | 0.980 |
12 | 347449 | 0.975 |
Price($) | Vol. | No. |
---|---|---|
1.000 | 137643 | 16 |
1.005 | 331420 | 13 |
1.010 | 337320 | 13 |
1.015 | 138516 | 5 |
1.020 | 176240 | 8 |
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