Why dwell on whats done? Clearly CTB still has a great business with new deals from the government for research and a world wide auto market that is booming. The pre deal price is still at least 2 bucks above where we are now. The unions here or in China need the jobs and Apollo was willing to pay at a discount with all the problems 26 bucks get it? This is a steal at this price.
You may be correct but the extent of the china impact on profits both short and long term is unknown.
Also hedge funds and institutional investor hold a large number of shares. Are they going to sell and move on? I will be a buyer at $20. There is more than a little risk which is why the stock is where it is.