AS I SEE IT, AND PLEASE CORRECT ME IF I AM WRONG.
LETS SAY YOU ACCEPT THE FOR $1.70. THEN LETS ASSUME THE BIDDER IS NOT HAPPY AFTER BEING IN THE DATA ROOM ANOTHER TWO WEEKS AND DECIDES TO WALK. THEY MAY BE FORCED TO PAY A BRAKE FEE OF WHICH YOU DO NOT GET ONE CENT AND YOU WILL SIMPLY GET YOUR SHARES BACK, AND WHO KNOWS WHERE THEY WILL BE TRADING AT. I WOULD SAY, 5 TO 10% BELOW WHERE THEY WERE BEFORE THE BID.
THEN, SAY THEY DON’T WALK BUT NEGOTIATE A NEW BUT LOWER PRICE.
DO THEY HAVE TO PAY $1.70 TO ALL THOSE THAT ACCEPTED THE BID FOR $1.70 ???
OR CAN THEY ADJUST DOWN THAT $1.70 TO THE NEW NEGOTIATE PRICE ?????.
HAS ANYBODY READ IN FULL THE BIDDER STATEMENT, BECAUSE THERE IN LIE’S THE OUTCOME.
OR IS THIS COVERED IN THE CORPORATE RULES, UNDER TAKE OVER AND ACQUISITIONS ???.
DOES SOMEBODY KNOW WHAT THE PRICE WAS BEFORE THE BID, I CANT BE BOTHERED GOING BACK TO FIND OUT.
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