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Prudent Capitalist

05/23/16 3:25 PM

#2007 RE: pappi #2006

The market is not reacting favorably to the deal and obviously does not like it. My concern right now is the fact that ACAS bought back around 46%+ of the outstanding shares, and the NAV is supposedly up over $20 right now, yet this deal is for just $17.40 per fully diluted share, and the market is actually valuing it below that level. Time will tell, but this does not look like the best outcome to me right now.