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buckeyefan1971

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buckeyefan1971

Re: SC777 post# 21565

Thursday, 07/26/2018 12:20:47 PM

Thursday, July 26, 2018 12:20:47 PM

Post# of 153929
Why would current share price affect their bid. They either bid high enough or they lose. Sealed bids so no one knows and no price point would affect those bids- you bid to win, not bid based on current price. Each company has to have a number as to what valuation they place on the company and they will bid accordingly. My guess is it is a futuristic bid based on estimated earnings down the road.
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