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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Last
94.3¢ |
Change
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Mkt cap ! $2.218B |
Open | High | Low | Value | Volume |
92.5¢ | 95.0¢ | 91.0¢ | $6.349M | 6.813M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 406077 | 94.0¢ |
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Price($) | Vol. | No. |
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94.5¢ | 227697 | 38 |
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23 | 216716 | 0.940 |
26 | 347765 | 0.935 |
33 | 457567 | 0.930 |
21 | 351176 | 0.925 |
17 | 732252 | 0.920 |
Price($) | Vol. | No. |
---|---|---|
0.945 | 214315 | 36 |
0.950 | 163426 | 22 |
0.955 | 148112 | 11 |
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