GREY:CRIUF - Post by User
Post by
marketsenseon Feb 09, 2019 2:37pm
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Post# 29342401
Offer
OfferVistra mst be loving the fact that they have picked up miilions of shares well below their
offer price. They have taken complete advantage of all the desperate shareholders in
their rush to dump and yet holders like myself who are inclined to be a little harder to get,
are being looked on as idiots and dreamers. Vistra's offer price is in total worth $7.79 including
the dividend and yet over 6M shares traded below the offer. Vistra could easily up their open
market bids as they have up to $7.79 without stretching their takeout parameters and yet
because of the sellers desperation they are acquiring millions of shares at a discount. Now
who's looking smart and who's looking foolish is what I'm asking?
That said, once the initial rush to sell subsides, it will be interesting to see if they start
upping their bids. Secondly, the whole picture could change if another bidder were to
appear. I think the risk/reward in waiting for a while is a pretty good one. As long as Vistra
doesn't back out, the total takeout price is still $7.79 if nothing else happens.