It will end up being pushed up.
But how far is anyone's guess. As a hostile they are going to have to convince shareholders the price they offer is a good deal if they need their votes.
I can't remember who was trying to take over Wheaton Gold back when I owned that. But the fight went as far as getting a personal phone call trying to get our votes. First phone call I actually enjoyed because I was completely against it. ;)
They ended up with GG (Gold Corp), if memory serves me correctly, which was NOT the company trying for the hostile and they, Wheaton Gold, Got to keep their silver division which is now called Silver Wheaton(SLW).
CYPB, if you remember, because you were on that board at the time - in the end got an amount they felt good about...$6.50 a share, when the original offer started off at what? $4.25?
Looking at that board - the stock was in the 2's when that first offer came with CYPB. Originally that looked good in comparison to current pps, for people unaware of the company- but it didn't look good in comparison to where the stock had been prior and the cash they had on hand and the products they had in the pipeline.
I don't know a thing about RMTR but it's all a game. Standard protocol. It's Like going to a garage sell and bartering back and forth.
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