yes you are right. My assumption is board won’t accept the offer and there is one major shareholder is against the low ball offer. Brookfield dropped out to increase from $4.6 to $5 so imo the offer would not be anything below $4.6 as brookfield will come back I believe.my guess is $5 offer is only the option for the deal. todays announcement will take of any possibilities of higher than $5 offer. Any lower bid may be between $4.6 and $5 but the company is very attractive at $5 to let it go.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)