Near-identical playbook when CIM was taken private in 2022.
1. Media article casually makes mention about CIM “potential” liability of underpayment of wages for a failing middle eastern JV that CIM sold out of 18 months prior.
2. SP immediately drops to 52 week low
3. 2 months later, largest shareholder offers to takeover
4. “30% premium” to last 5 days VWAP.
5. Directors recommend Yes to takeover bid
Near-identical playbook when CIM was taken private in 2022.1....
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$2.38 |
Change
0.010(0.42%) |
Mkt cap ! $862.7M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6415 | $2.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 4404 | 1 |
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