I would have thought the share price would have moved up toward 12 this week with the news of the aquisition. Seems like a lot of investors are either taking some early profits or may not like the news? I for one think it is a good move and am a buyer today. Rolled the profits from my long March 9 calls into more shares of PVX.
It jumped 20% already in the last week...what more do you want. Given the nature of the acquisition, from here I would expect the PPS to track closely with PPL's. As PPL is down today, I'm not surprised that PVX is as well.