Quite confusing that this should go down on such news, was it because they didn't get the whole magilla?
Part of it is a coorection (double bottom). It may also have to do with the price the shares were sold at. If they sold at 55, and such is to be announced, that would explain today's drop.
Magilla's ain't what they used to be.
We got 1/3 of magilla, but that is still pretty good. Not sure what this stock wants to do at the moment? We've had a very good run recently.