If the buying company is buying stock on the open market, which is my belief, they want the PPS to go down. The cheaper they can buy the stock the better. The only way to counter this is to buy more when it drops. The public notice that there is an offer allows them to legally buy on the market, especially since there is a price mentioned. It is true, no matter who it is, they must report to the SEC if they buy more than 5% of the company, but they have at least 30 days to due this, after the date they accumulate 5%. Strange PRs would indicate that management is helping the buyer, and the key players, just like us, have been promised .01 cash (yes cash) per share. Management therefore, probably isn't selling stock on the market, just us peons. I find this scenario brilliant, perfectly legal, and very profitable for the buying entity and all of us that HOLD.
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