RE:RE:RE:net 1.75$/shareI get that your just trying to understand exactly what is going on so don’t worry about that. There will be no lawsuit if the deal goes through; the shareholders will get paid $2.20 per share.
The $1.75 net could just be referring to Geo-Jade's total cost per share net of debt but they are paying $575 mill ($2.20/share) for the entire business, debt included.
Why is it trading at $1.73???
1) People are taking guaranteed profit. Even if they believe the deal is going through, they want to lock in profits now and not have to deal with the slim chance of the deal falling through
2) People are confused as they don’t understand exactly what is going on. When there is confusion (like the whole $1.75 net price), people will sell their positions or wait on the sidelines until they get answers.