interesting article re kar, page-8

  1. 15,518 Posts.
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    Stashie

    The point is that no-one "knows" what KAR has at this point in time (not even KAR). Hence the "big boys" cannot come in with a full and fair offer.

    All they could do at the moment is try an opportunistic low offer, to de-risk their position and maximize the upside.

    For KAR shareholders, that is clearly not the optimum outcome. Not by a long way.
 
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