Sat, Feb 28, 2015, 11:52 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Andatee China Marine Fuel Services Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • psi_powers psi_powers Nov 27, 2011 5:26 AM Flag

    Gap between Buyout price?

    This is part of the distorted public opinion about all chinese stocks, caused mainly by numerous hit pieces and constant bashing by almost a year.

    A good example is HRBN. Even a few days before the deadline and the offer at $24, the stock traded with a discount. Shorters claimed the deal will not be completed despite the official announcements. After it delisted, the shorters even then were crying out that the shareholders will never receive the $24 cash per share, despite that they couldn't profit anymore by shorting. In two days all former shareholders received their money and then shorters at last, stopped.

    The gap is even much higher in cases when is deal is not done yet, like FSIN, where the discount is around 30%.
    As for those companies which referred to a potential buy out to go private like GURE in its cc and hired an appraisal firm, the stock didn't move a cent.

1.4899+0.0199(+1.35%)Feb 27 3:37 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.