Shorts are very little. So cannot figure out why go higher than offered
because SHS will almost certainly reject the offer of $49 as being too low. Danfoss may then offer a higher price.
There is no other explanation, that is why it trades above the offer price.
this is elementary stock market stuff.
Some people expect they are going to generate some savings, but they will be the same company. I guess price will down to $49 or lower by EOD since nobody will pay more than $49
But this looks like an internal bidder, so I don't expect they will offer more than the $49.
Also, this is a low float low volume stock, it doesn't take much to move it.
Thanks for your reply. Why people are still buying? If EOD the offer is firmed at $49, and they buy now $52. Then they will losing money,isn't it?