Cat mentioned today that they will be looking at acquisition targets. Tex has been looked at for takeover for a long time now.
Dude, I simple search of your other messages around Yahoo and "takeover" and "buyout" blather are all you seem to want to get people stirred up about.Hyatt?Terex?Nascent wine?Barrick Gold?Goldfields?AGCO?and you're blather about a "typical" takeover premium being "around 30%???" You're not really this stoopid are you?IF TEX is any kind of takeover opportunity, it's surely not because you say so.
any idea of takeout price?
In takeovers, I think the average is usually a 30% premium to current price. So it it is trading around 21 than I would guess a $6-$7 dollar premium from current price.
Look at the recent call volume...somebody's thinking that a deal could be in the works.
flyonthewall- post a comment about a rumor of a takeover. but there always wrong
yeah, TEX is a likely candidate at these levels, but its a big guess if anybody would actually make a sweet enough offer. Remember they expect to make $6 in the near future. Would you sell for 25 or even 30?