The longer they leave this the more they are going to have to pay IMO. There is definately positive momentum with the stock and it wont be too long before it is $4 (if markets continue up next week).
$5 could definately be on the cards (perhaps not the first offer), but it depends how they word the statement.
Normally they come out with some silly statement like:
"our offer is x% higher than the date prior to speculation as reported in the such and such"
or like they did with FGL
"offer is x% higher than the first x number of days trading after the split"
I just hope management plays this a little harder than the team at FGL. We cannot forget that it cost FGL $8bn to acquire all the businesses that now make up TWE. Current market cap is approx $2.5-$3bn
TWE Price at posting:
$3.87 Sentiment: Hold Disclosure: Held
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