stock will not drop 25-30 % on a rejected offer... it means board thinks offer is too low ? BEST BUY is not a 9 or 10 dollar stock.... 18 now appears to be fair to me.... anything higher now is a gift..
The stock rises on any offer. The stock is priced with the assumption that Schulze will not have anyone interested following 3Q results. If a funded offer comes in, clarity regarding interested partners and banks goes away. It's then about then specific price
It could if the street felt Schulze would come back with a stronger offer. However, Schulze could feel like he is getting jerked around and start dumping his 20%. That being said I would be shocked if the BOD rejects and lets a offer walk away...... Still on the sidelines, however getting the itch to put on my helmet. What are your thoughts?