Buffalo- if private equity was taking out ISC, then you are right, the share price on the day-month-year prior to take out does not matter. Public equity is quite a different matter. Law firms could open an investigation if say ISC traded at .50$ today and was bought for $1.75 tomorrow. The model is the SP rises to within reach of the take out, reach being - 10-60%.
But hey, with this ditty, anything is possible. GSN missed the meat of the story-- why the industry is consolidating and how that will lead to the products of tomorrow. Its a worthy story angle for real writers...alas...I forgot, the "G" stands for, GUBBAMENT.
What is so funny is all the players DON"T want to talk about this until they have made their moves. Some even send dim-witted down-pimps to spread doubt in order to cover their intentions.
The cat is out of the bag with Smith's overt move to claim dominance in the merged space. Now, what are the laggards going to do about it? ( that's right, everyone now lags Smiths)
I am glad we didn't sell our in March, because the price tag is rising not falling. Maybe, just maybe, MCGANN will get the play the lead in The Kenny Rogers Story...?
