Have I missed something? How is a company with a MC of approximately $650m going to buy out a $1.7b company by using its shares at a 19% discount? Although not really plausible, the other way around would be more logical, although they don't have shares with which to fund a buy out of BIG.
I'm only aware of BIG's 4th placing in the Deloitte Technology Fast 50, which is not a ranking of the top technology stocks but instead is purely based on the growth rates of start up technology companies over the last 3 years. Is there another Deloitte list in which BIG was ranked in the top 5 that I'm not aware of?
BIG Price at posting:
$4.06 Sentiment: Buy Disclosure: Held