GREY:VTRAF - Post by User
Comment by
bugoffon Mar 17, 2012 12:14pm
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Post# 19684962
RE: sold 35% of my position
RE: sold 35% of my position There is only one cautionary note I will offer the BB... "typically", the first take over offer would be in the range of a 20% premium over the average trading range of a given period (say 3 months).
That is not to say that there will be an additional offer past the first one, but a 60% premium over the 3 month trading range would be "unusual" IMHO and experience.
If I was holding it (which, unfortunately I'm not), I'd seriously consider parting with at least a portion of my holdings Monday afternoon...
I LOVE takeover offers... the decision is pretty much made for you, and you take what everyone else gets... nice premium right now... nice score!
GLTA