GREY:CSOSF - Post by User
Comment by
DTM5on Dec 11, 2013 4:01pm
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Post# 21996168
RE:RE: There will be nothing left.
RE:RE: There will be nothing left.It is trading at 1.04 for a couple reasons -
- No one would buy it (and pay commission) for 1.07 when they will get back 1.07
- The deal is not closed and there is a chance it may not close (although with the very small spread between deal price and market price, the market thinks this is a done deal)
- Many types of investors are happy to capture the spread (in this case 3 cents per share before costs - call it 2.8%) for buying the stock and holding it for a couple months
Not sure what you mean about insider info leaked. The stock didn't pop till after the announcement.