It is going back up for sure.
However, the issue is the takeover price. It appears that some fundies appear to be willing to accept a price at the lower end of the price range. Which is currently betwwen $1.60 to $1.80.
I will be in the money regardless.
I am not sure why Ferrovial keeps extending and does not update its ownership position.
I am think low acceptance of lowball offer. Also it maybe extending to get H1 results and also it may waiting for appoval for foreign takeover.
I think BRS commented it was unlikely they would get it in February. So I think Ferrovial has been holding its powder dry until they got this approval.
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