I am surprised people are still willing to pay $1.40 right now, given that prior to these rumours/announcements people were barely willing to pay mid $1.20's
[/SIZE]
That is because before these rumours/announcements, there was nothing to suggest that anyone might be remotely interested in STU. That perception has changed, especially now that we know that FBU had put an offer of $1.90 on the table. (after an initial offer of $1.70). I guess you could call the extra 30 cents a "potential takeover premium".
Very odd doesn’t reflect well on either party does it ?
Scraggly mutts the pair of them.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
If the merger goes ahead where there are now two warehouse or distribution premises in the same area one of them must be immediately divested.
Where the premisses are owned they must be sold without any restraint of trade conditions.
Where leased they must surrender the lease when the landlord finds a new tenant even if this tenant will compete with the merged entity.
If the closed premises have any cutting, folding, machining or materials handling equipment it must be held in situ and be available for sale on an unconditional basis. Any scrapping of this equipment will require the approval of the commission.
Boop boop de do
Marilyn
Last edited by Marilyn Munroe; 15-10-2018 at 12:31 PM.
Reason: spelling
What seems really strange to me is that STU has not informed the market that FBU has withdrawn its offer. That should have come out at the same time, as it would be material one would think. Or did FBU not even inform the STU board that it had withdrawn its offer? WOW!
Reply With Quote
Originally Posted by trader_jackson
Bookmarks