nothing to happen today It has only been a week since the announcement of a takeover offer, we are not even sure if there was a defined bid. While I do think the company will announce something shortly I do not think there is a high chance of a NR today. Ongoing discussions and DD takes sometime, especially with Ithaca, a company with many different active and pending fields. So dont expect a NR todya, but by next Monday shareholders should be informed of the status of the discussions.
Question is how will the stock behave in this limbo. I see a solid base in the 2.70s and could see the stock drift upwards to 3. News on a sailing Athena would be well timed now.