just a thoughtOne has to hope that a bigger fish than the average retail investor is upset with this deal. An institutional investor who wants to protect their vested interest (obviously management is not concerned with shareholder value) comes out and drives to get a higher offer.
I can't imagine that BNK management would have taken this deal. Some will say that the stock is down here because of oil. It was down because of oil, but these levels are with the add of the tax dispute. Without the tax dispute this is trading above the current offer.
The only thing I can think of as to why they would accept this offer is they are passing the headache of an unreasonalbe Albanian regime and making it the new owners problem. Maybe they didn't see much good resolution coming and are washing their hands of the matter. Or, they are using a real estate agent ploy by listing a property below market value to start bidding wars (yes, I know BNK didn't advertise or put the company up for auction). Accepting this offer may be an underhanded way of flushing out other interested companies who have been sitting on the sidelines.
A deal like this is usually by companies who don't have much choice. Either going bankrupt, or balance sheet is in trouble. But BNK is not in that situation. I didn't think they were desperate.