I think they may have to pay more for the shares given this news. They will need a fairness opinion and the extension of QAF is a significant event for the valuation.
I actually wonder if the timing of the buyout offer happened because this bill was moving through the California Senate and Assembly. They perhaps wanted to stop the stock price from moving up in response to the bill and perhaps wanted to buy from third parties before the bill was a done deal and they had to pay more.
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