I don't know where you get 5x from...
If a buyer offers the company $2.60/share today, you think the board of silex can reject an offer that is 100% of the current price? The price has been down at this level for a week plus now. The longer it stays here, the more "fair" a buyout price in the high $1 or low $2 range becomes.
Disclosure: I provide fairness opinions to public companies for deals like this all the time. If you really care, I can explain how the process works.
You know how many times the shareholders sue the board after the board accepts an offer that is well below most people's cost basis?....99.9%. You lose.
The only way you win is if the company can find another (higher) offer after they receive a low ball offer. Because I can tell you few boards will reject a 100% premium with no other offer on the table. It's a total breach of their fiduciary duty.
Make no mistake...this stock price is a horrible situation for long-term holders.
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$4.00 |
Change
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Mkt cap ! $945.1M |
Open | High | Low | Value | Volume |
$4.00 | $4.01 | $3.96 | $395.0K | 98.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 831 | $3.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.00 | 5403 | 15 |
View Market Depth
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6 | 271 | 3.990 |
18 | 7455 | 3.980 |
12 | 4749 | 3.970 |
12 | 9595 | 3.960 |
12 | 7365 | 3.950 |
Price($) | Vol. | No. |
---|---|---|
4.000 | 4945 | 8 |
4.010 | 4015 | 16 |
4.020 | 3504 | 11 |
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4.040 | 9392 | 8 |
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