Hmmm, the dump of 500K shares today smells of insider knowledge perhaps.... and usual thinking is that the bidder won't come back with better conditions, effective bidding against themselves (although they did with TNK). So unless the board has exerted some pressure to meaningfully change the deal, I would be pessimistic and think they want to revise the terms to their benefit.
No mention of competing bidder either. No adverse news today about Verra either to give them a reason to stop negotiations.
Value - have you been in for long ? any thoughts? (I was a shareholder a decade or even two + ago - it never fulfilled my aspirations back then). Hoped it would for this arb.
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