As the title suggested. Squire could have acquired APT for free. Squire has 455mil shares on offer. $29b acquisition means $63 per share (29b÷ 455m).
This means if Square rise $63, APT acquisition is free.
The closing price of Square on the day before merger announcement was $247. It rised to $272 on the 1st day. Rise another $38 (15%) will see $310. Cant wait to see the price action tonight of Square.
Pity APT SP hasn't followed SP(conversion by SP of Square x 0.375 x exchange rate). By closing price of us$272, we should see APT $138 today. Instead it stuck at $128 for the whole day, the same price as the otc market price.
It is logical to follow Square SP. Come on, Square, come on, APT.
APT Price at posting:
$127.85 Sentiment: Buy Disclosure: Held
