TSXV:NYX.DB - Post by User
Comment by
uogradon Sep 22, 2017 7:26pm
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Post# 26733333
RE:RE:if another comes it will be within 10 days
RE:RE:if another comes it will be within 10 daysvolume iin last 3 days is 61,000,000 so someone is buying. I would call them pretty fricken good volume. arb spread is very tight at just over 2%
breakup fees as noted last night are $30,000,000 to nyx if sgms bolt and $12,500,000 the other way which is peanuts.
Not one chance in 100 would anyone pay over 2.40 for a share for a company in the open market that was at 1.13 the day before a buyout at 100% plus premium so that is a non starter.
Chances of additional bid about 50/50. If it happens it will be by mid next week and would have to be at least in the 2.75 range.
Not a white night as the company says they are happy with this deal. what we need is a green night that wants to own NYX and as a result the shareholders get their due payment.
For me I will wait a week and see what happens. Have not sold one share and I own buckets and buckets of this stock.
so we either have a win here or a better win. Either works for me.