I know a little something about this stock after spending 35 years with them. No news what so ever to suggest a buyout. Its not even quite on the inside of pnx...plenty of internal news to suggest no buyout in near future. This stock is reacting to an analysts simple comment and a WHOLE lot of pumpers to get you inexperienced investors to buy. Be careful AND GOOD LUCK TO ALL!
I am surprised that you would not start your statement with how depressed the stock is today based on 35 years of experience with it. The buyouts are not negotiated in cubicles on the floor and I am certain that if there is any kind of the negotiation the secrecy would only mount. Analysts' comments are based on value of PNX, artificially locked by agency ratings. Undeniable assets of this company are not recognized at the evaluation. The PNX is the obvious target not because analyst said so, but because above dynamic. Good luck to you as well.