Dave the deal has everything to do with the fall of UNH. The smart money saw the writing on the wall. You said it yourself, a stock and cash deal. Now if I was MM and held both and UNH was at an all time high what would I do. Well I would start taking profits in UNH, which would hopefully start to drive the price down. Others see this they take profit and this adds to selling pressure. In the future when I tender my Pacific shares I would stand to gain more cash and the UNH stock I sold weeks before. I therefore maximize my take on the deal. Its simple really. And by the wat this stock is going back to $48. NO doubt about it. Then back up the truck because it will sky after that. Best regards Vilmuchka
Just as I figured. You stated what I was thinking but didn't know how to get it out properly. The prices of the two have to do with everything until the deal is finalized. Then I agree, I'll add accordingly.