Buyout is for 76, so WHY wouldn't this be somewhere close to that? Grant it, it's at a nice premium to Fridays close-but should be within pennies of its offer, like Sprint is, it even went over!
No....they have to manipulate this to scare away everyone and make them uncertain about their LONG position
Well, I'm buying every dip the weak hands let go, and look forward to the inevitable rise...
Note from the TMO press release announcing the acquisition that they expect the transaction to close in early 2014. That's at least 8 months from now. So, the discount to the actual buyout price of $76 will slowly shrink as the closing date approaches. I sold today at $73.13 rather than hold 8 months for an additional 4%.
I think the difference in current stock price, and buyout offer is due to the uncertainty that the deal will actually go through. As the deal gets closer to being sealed, the stock will move closer and closer to the $76 mark. If the deal falls through, stock price will probably head back to the previous offer on this company of $65. I'm rooting for $76.