RE:RE:CRH Medical Announces Acquisition of Oak TreeQuincy2000 wrote: Monty have u sold all shares yet or hangin' on in case a higher bid comes along? what are the odds of that happening in your opinion? I see law firms are now asking investors to call to sue the company for 'breach of fiduciary duty'... are law firms just trying to drum up business or are these announcements cuz investors are trying to rally us together?
the lawsuits happen every time there is an acquisition - nothing to pay any mind to. the deal will pass a fairness opinion.
higher bid is hard to say. anything can happen. it was a huge premium and WELL has conditions in the deal with respect to non-solicitation of alternative proposals and a right to match any superior offers (reportedly - saw this on Twitter, haven't dug deep into the filings). WELL also doesn't need financing so it seems there are few barriers to getting the deal closed. i sold half my position.