SP upon start of trading I have been waiting for an acquistion by STC once they raised money last July because I have been (1) very impressed with management and their methodical planning and execution and assume until proven otherwise, they know what they are doing and (2) because over the last few months any company of note that has made an acquisition has had their sp move/explode upwards.
However, the sentiment seems to be somewhat neutral to negative based on the price paid and the size of the acqusition and dilution. The bid ask is 70 cents lower than the thurs close. I am not sure if this is meaningless until trading starts or inidcative of a negative response.
Personally I will be disappointed if this heads downwards, since it would make STC the only stock with an aquistion to drop in sp in the last year :( there have been many companies such as Dye and Durham who paid a steep price for an acquisition whose sp has gone up substantially).
So I am hoping after digesting the deal, STC moves up and the bid and ask are not indicative of anything. If it goes down I will not be happy but based on my faith in management will add.