Originally Posted by
Beagle
Anyone else noticed the share price decline ? $6.84 today so arbitrage to the $7.00 takeover has expanded out to 16 cents despite the shorter timeframe to the proposed takeover.
With the very rapid spread of Covid 19 might this takeover be at real risk now ? What happens to other stocks in this sector if this takeover is withdrawn ?
Weren't institutions and other shareholders expecting about 1.5 Billion in cash from this takeover to be reallocated elsewhere in the market, one presumes predominantly among other sector players ?
Any implications for the market overall if this offer is withdrawn ?