I'm not sure under what circumstances or why they would offer higher than their further revised proposal? I understand the deal has to be approved by the board, the shareholders, etc.. and while I don't have experience in M&A, I can only think of if a higher competing offer comes forth?
OR if a competitor buys up stock to in order to block the vote and prevent buyout (but that competitive stance would require comms between parties)
Any others?
(I obvs need to read Barbarians at the Gate on leveraged buyouts)
SKI Price at posting:
$2.76 Sentiment: Hold Disclosure: Held
