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Ann: Tremont Makes A$0.33 Per Share All Cash Offer for Cradle, page-22

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  1. SandBagger
    663 Posts.
    lightbulb Created with Sketch. 9
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    10/03/17
    11:51
    Post #: 23247026
    Tremont has to get at least 90% of the shares for this low ball bid to work. Sure there are the directors voting a large block and Tremont already has just under 20%... But

    I am not taking up their offer. If enough shareholders do not then the T bid doesn't make it.
    CXX Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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