Looks like the deal fell through or he’s waiting to last minute so the stock falls more and makes his bid lower. The news is reporting that 2 reasons could be stalling the deal. Either he doesn’t have financing lined up or it’s a control issue. I believe it has to do with the financing. I'm not gonna gamble anymore on this stock untill some news hits. I'm gonna watch it real close from the sidelines and keep a market order ready in case. I know it will it will fly quick, so I gots to be ready. I was hoping the dividend was going to keep it in the green, but looks like its a shorts game right now. GLTA staying in. Keep your ear out for leaks on twitter as the rumors coming from there have been impacting the stock.
He did tell me to keep it to myself, but here's the scoop as I've posrt4ed on Pinterest next to my scarf collection: Yes, he will buy the company for $22 but only if he doesn't have to pay 0.17 dividend. I talked to him today at a Holiday gas station in Richfield, MN , BBY's headquarters. He was using a 10 cents off coupon for up to 15 gal of gas. Very smart man.
He would still get his dividend even if he put his bid in. It will take months after his bid to finalize the deal. I believe a deal is very possible, but is very very unlikely to happen this year. Im looking to buy some march 2013 calls as it seems much safer than the stock.