Who really knows what is going to happen here, however, I see on several boards where a reference is made saying that they could have just bought the float for pennies. The problem with this theory is you can't buy someones shares that they are holding onto unless they want to sell, hence the buyout.
Every merger, buyout, whatever could happen for much less if it weren't for those pesky shareholders holding onto their shares.
I do agree, if this were real and I was the company doing the buyout I would be buying every share available at this price though. Again, I'm not saying this is the real thing, I guess none of us will know until 2-5-11.
GL
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