I agree right now that 3.15 is too low, but when you see that the talks began at 2.04 for the merger, 3.15 looks a lot better. When the "big buyer" was in play around 2.50-3.20, I was hoping for 4-5. Based on a pps at $3, a buyout at 4.5-5 would be roughly the same percent gain as the 3.15 pps now. I am seriously kicking myself now not buying all I could at 2.10. Haha
But could we see shorts covering and this actually go to a higher pps to sell at?
That may be a very dumb question, but being new to buyouts and mergers, not sure how the price fluctuations can go.
Thanks.