Some good responses to your question here already - also remember that the "intent" to recommend accepting the offer was contingent on a number of requirements (ie. DD, independent assessment, better offer coming they may or may not know about etc) - @ChocolateTeapot has a good breakdown of the wording somewhere.
I like thinking about this almost with a sarcastic undertone from the Board...
"Sure guys, IF you can SOMEHOW prove to the world that this is in the best interest for everyone (good luck) - we'll back you. Until then, thanks for publicly rerating our the value of our company in this messy environment"
IMO. Could be wrong, but hope I'm right.
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59.5¢ |
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Mkt cap ! $1.442B |
Open | High | Low | Value | Volume |
62.0¢ | 62.5¢ | 59.0¢ | $8.852M | 14.66M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 212314 | 59.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 310624 | 8 |
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15 | 199399 | 0.595 |
19 | 474195 | 0.590 |
10 | 202143 | 0.585 |
33 | 263700 | 0.580 |
6 | 87691 | 0.575 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 110624 | 7 |
0.605 | 285741 | 8 |
0.610 | 261056 | 5 |
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