At present there are five shareholder suits against directors of xoom because they believe the offer is too low. as a result of the libel suites I do not believe xoom can agree to the paypal offer until there is settlement of the legal action against the board. this can go on for some time. I may be wrong but I do not believe the deal will be seales unless paypal increases it offer of $25. if they back-off there are some who believe western union may make an offer in excess of $25. Time will tell if I am right or wrong.
Why do you say the deal will not go ahead at $25 - what is your basis or source? XOOM has already agreed to the terms of the deal with PYPL at $25 and filed necessary paperwork with the SEC. PYPL has no reason to raise the offer unless XOOM gets a competing bid at greater than $25 a share.
If Paypal is serious about acquiring XOOM I suspect they will need to increase their offer to $29 per share.
However, if they hold at $25 the deal will not go ahead. Question. Is any one else interested in making an offer higher than $25?
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