well now that the election is over this thing today was down nearly 5% now its green on a day the market is getting slammed.
i have read that with a deal this large they would have 2-3 other partners and that the price it would fetch is 18-20
if you read through the news on the summary page you will find that the 15-16 is to low, Yes i know its a big premium so who knows but the fact its up today on a red day is very postitive, volume is also above the normal.
I would love $18, but doubt the offer would be more than $16. The fact that the 52-week high is $16.93 tells me that the offer will be less. A promising new company will usually receive an offer above the 52-week high. SPLS isn't new or growing. They are, however, the #2 e-retailer.
Bain will want a good deal, but can't offer too little without instigating dozens of shareholder lawsuits. That's why I believe $12 or $13 offers would be ridiculous.
I expect that we'll find out before year-end, hopefully this month. In any case, I'm long, with or without a buyout.