Bth is almost trading back to the price it was before the bid. Its trading $3 below the bid price. I find all of this to be incredible. I know with the legal investigations it dramatically lowers the probability of this deal being completed but it also RAISES the possibility of a higher bid. That is what is so vexing to me. The shorts should be afraid of a higher bid but they are not.
The investigations don't decrease the chance of the deal going through. Have you read any of them? One states that the company is worth $40 because an ANALYST say so!?! IMHO, there is a group of hedge funds on the short side that paid for these bs investigations to scare day traders out, they'll be covering very shortly.