risk. It needs shareholder approval and approval of some state regulatory bodies. The market says there is about $1.50 of risk. If the deal falls apart AGY will go to the low $30s
low 30s? you need to take your head from your assss. agy was selling at 23 x earnings - penn buys at 2.05 est earnings dah - 47 bucks a share. Agy is worth more than this price, maybe some penn shares!
Also involves the time value of money... 47 bucks 3 months from now or 6 months (depending on how long the deal takes), isn't worth the same in dollars today.
Thank you seemed too easy and of course it was! Rumor on MKTW good action.