Post by
marketsense on Feb 14, 2019 1:36pm
Open market purchases
Vistra is allowed to make open market purchases the same as everybody else up until the
takeover deal is completed and KWH ceases to trade. If the stock continues to trade below
the takeover offer price of $7.57, then Vistra will be a very happy owner of KWH and why
wouldn't they be. The have basically stole this company from willing shareholders who
wouldn't put up any resistance. As for buying it when it was trading @ $4.50, they knew
an offer that low would be flat out refused by mgmt so they had to offer a premium attractive
enough to get mgmt support as well as shareholders. Does that mean the offer was fair. I
don't think so but that is my opinion and thus far, It looks like I am being vastly outvoted by
the sellers who are happy to dump their stock at below the takeover offer price.
Comment by
sotypical on Feb 14, 2019 1:59pm
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Comment by
sotypical on Feb 14, 2019 3:24pm
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Comment by
annegel on Feb 14, 2019 6:22pm
you have to explain a lot..