bidding war over HOOV. Marathon is offering 17% more for HOOV. Lets see How bad D&B really wants them. My thinking is that this offer negates D&B offer and will bring them back to the table with a higher offer. Either way the current HOOV owners who had the balls to hold on will be additionally rewarded. I think we might be going back and forth with HOOV up to the $10 range.
On December 11, Growth Report initiated coverage of HOOV with a buy, stating that the D&B offer was to low, and that we believed there was large upside potential should the company receive an offer from another firm. Today, Marathon and Austin Ventures made an offer of $8 a share.
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