The advantage that Arrow has over BG is that it is starting with 20% of the shares bought at 20-30 cents. BG bought around 10% of PES stock at $6.40.
Thus the if Arrow matched the acquistion cost of PES to BG at the BG price of $8 AOE could bid around $9.30.
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The advantage that Arrow has over BG is that it is starting with...
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