Went in @ $3.88
I read LGL respond to the takeover offer over and over. I think LGL broad felt merger with NCM is a positive move for LGL but at the right price.
The following are the shareholder lists of LGL and NCM:
LGL:
11 Mar 2010 Commonwealth Bank of Australia 8.88%
04 Mar 2010 FMR LLC and FIL 10.01%
12 Feb 2010 BlackRock Group 12.14%
19 Feb 2009 Nuveen Investments Inc 9.80%
19 Feb 2009 Merril Lynch & Co, Inc 9.96%
NCM:
02 Dec 2009 BlackRock Group 14.69%
11 Sep 2009 FMR LLC and FIL 10.14%
31 Aug 2009 Bank of New York Mellon Corporation 5.24%
27 Aug 2009 Commonwealth Bank of Australia 10.89%
I believe those institutions (counting for 40%+ holdings )will push the deal through and put pressure on LGL broad.
So I believe at last the deal will go through but won't reach to a $5 price tag unless there is a third party involved
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Last
$1.67 |
Change
0.175(11.7%) |
Mkt cap ! $203.2M |
Open | High | Low | Value | Volume |
$1.56 | $1.70 | $1.56 | $31.35K | 20.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11859 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.68 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11859 | 1.560 |
1 | 5000 | 1.520 |
1 | 12111 | 1.490 |
1 | 4815 | 1.415 |
1 | 700 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.680 | 10000 | 1 |
1.700 | 3302 | 2 |
1.750 | 3900 | 1 |
1.800 | 277 | 1 |
2.170 | 7 | 1 |
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