Originally Posted by
trader_jackson
Over 20 minutes later and STU still haven't announced anything...
They giving FBU a call apologising for there arrogance and begging them for a deal at $2.10?
I find it extraordinary that the share price is still about 20% higher than it was 3 weeks ago, all simply and only due to speculation on a potential (far from done deal!) takeover offer from only 1 company.
I know it, you know it, we know it that management have told us for months the share price is worth north of $2, and nobody believed it just over 3 weeks ago! So for FBU (a company who has a track record of overpaying) to maybe offer up to $1.95 doesn't mean that much to me, unless they follow through of course.
Not too keen to pay 20% premium for something to maybe happen, however, things are quiet... too quiet.
Bookmarks