Should we give in in regards to tender?? What do you guys think?? Are they bluffing? If Otsaka is walking away from the offer, how bad can the ASTX get hurt? I don't even trust these latest news. Sound kind of bogus to me.
It Doesn't Matter If We Tender. The Big Funds Will Have The Final Say.
Yeah, and let's not forget that a lot of the big funds are just pursuing a merger arb strat and they will tender at 8.50.
I didn't tender as I think the fundamentals justify a higher price, but the merger arb guys don't care about that. We'll just have to see how big they were in this name.