??? why would they do this?
Because they see little chance of a higher offer and understand that the merger will take at least 3 months to be consumated, even longer if the Feds choose to review it under the antitrust statutes.
What a joke. Downgrading on a purchase offer. Why even waste the time.
... it should read "UPGRADED" from Sell to Hold
Because they are short and stand to lose thousands if not millions in the next 3 days.
analysts are usually completely wrong...so lets hope we still have a chance for this to go higher. buyout price is a complete JOKE. cant believe MM is fine with valuing his company at nothing.