AltaGas Canada
Please don't scold me I know ACI has their own board. Posting this here as well because that board is dead. I think ALA could be trying to squeeze a higher price from the investors and of course some people are in the know based on ACI behaviour. In case people are not following....
Why is this trading at $33.49 with a dividend just paid? On Monday the stock went well above the $33.50 takout price and hit a high of $34.42 on volume of half million shares. Someone in the know is saying the takeout price will be raised ptobably to around $35.00+. Maybe parent company AltaGas is pushing for a better price? My limited experience tells me whenever stock price goes above the takeout price a higher bid is coming. Thoughts??