GREY:ATBIF - Post by User
Comment by
materialsgirlon Jun 19, 2013 5:33pm
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Post# 21544358
RE: buyout or substantial acquisition
RE: buyout or substantial acquisition It would be an attractive acquisition at the current price of approximately $15.
The flip side is that if you apply a 25% to 30% premium the takeover price would be circa $20 and at that price the company is no longer cheap.
The right time for the buyer would have been to offer $16 when the market price was $12 and most of us would have taken it.
The higher the price goes the more difficult for an acquisitor to pay a premium.
The board would currently fight an offer in the $18 range in my opinion but such an offer might attract competitive bids.
Do not hold your breath