JAX sec filings claim "party g" is a public company with a smaller marketcap than JAX.
Poster on the JAX board thinks it might be KONA.
The party g supposedly has bank financing for the entire purchase price.
I asked the same thing on the KONA board.
I think the possibility of this is about 1%.
ARKR does not have the cash to buy JAX, not even close.
Additionally, I thought the Fidelity National acquisition is a fait accompli. They are getting taken out at $14/share. That is about $85MM.
At MOST ARKR HAS $10MM CASH.
ARKR is not going to take out debt to buy JAX.
JAX also does not fit ARKR's operating parameters.
I just don't see this happening at all.
Sentiment: Strong Buy
FNF has not agreed to pay $14, only party g at this point.
FNFs tender is at $13.
Is privet putting someone up to bidding just to get fidelity to pay more ?