Too many shares, too few buyers. Yeeesh! this could get ugly. Worst case, the deal doesn't get done.
My guess ... look at the option volume the last couple of days/weeks. They (who ever they are) need a specific price by close of business tomorrow. And "they" are doing a damn good job at getting it there.Zhttp://whatstrading.com/index.php?s=ago&submit.x=73&submit.y=9
Ago is profitable, in an expanding market (municipalities need cash), and buying up a competitor at an attractive price. Sounds like a good story to me.
looks like they brought it down hard to price it right so it will pop for new syndicate buyersnice discount from when announced to get new people interestedprobably back to over $12 soon