RE:QuestionBasically acquisitions or buyout offers is pretty simple. Lets say if company X announces an offer of $200 Million all stock offer for comapny Y (e.g lets take 100 million shares, closing sp of $1) after market closure. The next day Y stock price will open around $2 range. Based on how cloudy the deal is or if market sees deal falling off near term Then stock can trace downwards. Sometime stock can trade bit higher than offering price since market feels more premium can be offered by the acquirer.