RE:RE:Today's behaviour is related to the ICCIf they do buy ICC, I expect ICC management to be very careful about ACB paying with ACB shares valued at $8.
If you owned a company, and a larger fish was buying you out, would you happily accepts shares that are trading 50% higher than they were a week ago? I wouldn't.
There are a couple ways around this, I suppose. ACB could pay a huge premium, and pay for it with shares valued at $8.
Or they could raise money with a private placement of shares, valued at a lower share price, say $7. Then, they could pay less of a premium to ICC.
Thoughts?
All speculation of course.