How many times have you seen a filing regarding a merger before a merger/buyout was announced? I just found it odd when the 5/12 filing was made. What was/is the purpose of it? I'm use to seeing these things on the hush and only PR after the fact. I wonder if they did so with the sole purpose of getting the share price up in order to avoid a RS. If a deal is just about complete then doing a RS is a moot point, IMO. Why go through the expense? We will know soon enough.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.