dollars for half dollars..., page-7

This is truly bizzare... The only explanations I can think of for the oppies to be trading so far below the offer price are:

1/ Significant doubts that the takeover will actually happen. If it doesn't I can't imagine what's likely to happen instead except for a revised higher offer?

2/ Doubts that INR price will hold up at current levels though of all three it's the only one that seems to be showing any kind of strength.

3/ there are a lot more oppies holders without funds to convert than I thought...