there's a really good lesson in the VPG takeover by blackstone;...

there's a really good lesson in the VPG takeover by blackstone; the SP had been slashed n the t/o offer of 180 is 30% below asset value but more than 50% above last SP. shareholders' average cost were mainly in the 300 range.

if cdu SP is slashed to well below nav , any offer with a discount to nav would be deemed heaven sent by many shareholders like those in VPG.

it's a blessing indeed that we have now a 19.9% cornerstone investor but the vulture hedge funds are multi-headed beasts.