Sounds right to me...
They've probably been suppressing component prices for years ... Culminating in HTCH's decision to sell.
My WAG is that someone at STX or WDC or other tipped US FTC to this and they, in turn, tipped Japan's FTC to this. Not sure if HTCH will/would have the same recourse against TDK if it's Japanese authorities that block the deal (as opposed to US authorities)...
Still, if HTCH has any kind of decent legal representation, one would think there are covenants in the pending deal that would cause a "make good" of some kind if the deal were blocked due to illegal activity or fraud or false statements ... After all, HTCH has totally lifted its kimono (pardon the pun) for TDK I'm sure... Pricing, sourcing, r&d plan, you name it...
A company in the same business (TDK) was willing to pay $3.5 - $4.0/share for HTCH and now it's $2.05...
Seems like there has to be value between $2 and $3.5 in my opinion
I bought some today... But this could take months to sort out and HTCH could be forced to operate in the red for a while ... Total cluster
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