I do not believe it since they just said in their report "we have a definative agreement in place.....". I still believe this is the Arbs wet dream going on here. They will use the fear in the market and the retail guy calling his broker today saying take the moeny and run......and in two weks, the stock is 63-65 and everybody says "What happened"? while the Arbs on on their 4th home in the Hamptons.
No. What is going on is Wall Street at its best when it comes to manipulation. classic example of arbitrauge and the wolves that do that type of thing. This is an all cash deal that might even get better. The Big Boys know that the little investor out there wants to sell but wants to wait to get closer to the buy out price. However, the market is moving so they just short a few shares now and then to drive the bid down to where the little guys has his stop losses and guess who is there to buy them? 7 to 8 bucks a share on 3 or 4 million shares is a ton of money for a sure thing. And if your borrowing the $'s at 5% it is even better. Watch and see....one day we will wake up and the stock will be 64 to 65....that means they got what they wanted.