I guess if someone purchases a majority interest in Stella, then this will allow the company to either operate as a whole with reduced gearing ratios or split the two as originally planned, then possibly going ahead with a merger after all, whether it be with CIY or another company.
Either way, looks like a rebound will be instantaneous when the announcement is out. Holders/buyers on Friday no doubt didn't sleep easy over the weekend. I dare say Friday's sellers and shorters will now be feeling the heat.
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mfs limited
I guess if someone purchases a majority interest in Stella, then...
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