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Monday, February 08, 2016 3:35:05 PM
I do not think it would be an offer between $8-10 Billion. Too high. I do think it would be in a range reflective of the prices paid for comparable firms, with comparability based on a range of things; not merely product similarities - kind of like houses. Simply being in the same neighborhood does not mean the house is the same size or has the same amenities and, thus, is worth the same. The art of the deal is determining and negotiating a price based on the specifics.
The number of shares Nasrat holds does not matter to a formal offer to acquire Elite. Nor does it afford him a different position for which to accept or reject the offer, that belongs to the BOD and, though Nasrat is part of it, his share holdings do not alter his fiduciary responsibility to make the best deal he can for ALL shareholders.
I agree that I would not say nothing or no one can stop Elite. But, I never took that as a literal analysis. It is merely evocative of the substantial evidence in support of Elite's pending success.
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