Tomorrow;s close is pivotal
The market would have digested the news and come to one of two possible conclusions: whether the general invitation to suitors is a sign that BEN is confident that competitive offers will result in high price (say $2 or above); OR it is a sign of desperation because other suitors BEN has been talking to over the last several months were offering much lower thn $1.50. If the latter, expect SP to decline materially tomorrow (say to around $1.10/$1.25). If we stay around $1.40/$1.50 I'd say we will get taken out at around $2 or more.