Post by
MartialArts on Mar 21, 2018 10:23am
Brento1, the Sunday date is "odd"
I've been on the phone with numerous organisations. I don't think I've ever spent as much time than on this stock and take over talking to people.
Unnanimous is "this is a odd take over", "this is not normal", "this is unusual". It appears Aurora has done everything in its power to confuse investors and regulators are letting them get away with it.
The fact that the tender date was extended to March 25th which is a Sunday, pushes the Date to March 23rd at noon from the offerer's perspective.
For most brokerages, that was either yesterday or today as a deadline.
$36 cash today seems the obvious choice if you can get it on the markets. There might still be an unintentional short cover and spike but I'm not going to risk it myself.