opinionfirst of all no one posting on this board knows the value of msd patents
what we do know is that a sophisticated investor thinks they can generate good profit potential at $46/shr
perhaps skippy first second and third moves were designed to force msd to fix an acceptable bid price then top it by a couple of bucks. after recommending a bid at $46 the msd board can not say no to a bid of $48.
It would be a shame to lose msd for a measly $ 22 million