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I think this is all because of the CEO's comments of buying the company. After his comments, the stock went up and he sold all his stock is what is speculated?I am new...but this is what I think is going on.
Nope, that's not it.The lawyers are trying to get the share price offer increased above $26 so that they can collect fees from class action lawsuits.
When the guy making the offer can't get financing...there is no offer. Ergo, lawsuits.