RE:CMED Trading and Thoughtsstarsearcher40 wrote: Very interesting to see CMED trade between $19.38-$21.90 . Currently at $21. Basically, the market doesn't believe in the takeover prospects.
Tell ya what Aurora. Why don't you raise the offer to $35 instead. That way you can REALLY blow your brains out. ;)
Spin it how you will, but it's common place when there's any uncertainty in a deal. Take for example when Canopy made the bid for Mettrum - it was an "agreed" bid, and there was still a risk premium built in.
There would obviously be a higher risk of this sort of deal falling through, but CMED's share price certainly isn't up 40% on its Newstrike acquisition attempt alone.