As I mentioned previously, all of CLB's founding partners and senior managers from the 1992 IPO recently retired (or announced their planned retirement). Those who retired probably sold a lot of shares at considerably higher prices.
CLB might still be a buyout candidate, but it will end up being more of a takeunder than a takeover.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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