RE: $3.25 offer from Endeavour - outrageously low!Since this is not an all cash deal (60% stock), if END shares fall this deal won't even be worth $3.25/share. That's why IAE's SP is currently below the offer price as END is down on the news.
Does anyone know what % of the company mangement holds? There is no way management goes or this, but joe blow retail only sees a potential 44% pop and can't calculate what he/she is sitting on. Thats the part that worries me.