Using a low 6% discount rate, the liquidation analysis is $15.12-20.06
10% discount rate= $12.98-17.317.
They had an offer of $14.25 on the table but it was part stock and they would only guarantee $13.65.
My experience in liquidations is they usually end up higher than mgmt. expects.
So I will probably hold my shares. Perhaps selling my taxable shares to my IRA before the liquidating trust starts.
Or maybe the low ball offerer will step up & over $17-18 and cash us out sooner ?
I think mgmt. bonus participation kicks in at $15.75 now. It was $16.
I would have thought it would have decreased by the amount of the dividend.