Total 9 employees sold the stock @ 26.13 in July. The total shares were 150,000 shares. I don't know why? Is that the reason they don't feel confident about the deal?
Hong sold earlier so he got good price @26.52.
If Hua can buy ISSI, why OVTI?
ISSI price goes up from 19.25 - 23
however OVTI trade price down to 23
I thought it would drop to .38. I bought 5000 shares @.51 several days ago. not lose a lot for me. To see when it is going to close the deal.
If the deal fail the price will drop to .30 again that is the reason I don't buy more. I think the share holders of this stock are very crazy.
To purchase ISSI and OVTI are the same invest group. ISSI price has been increased from $19.25 to $23.
ISSI stock price is 22.20 with 3.5% profit. It will take the same period to finish the deal.
OVTI stock price 26.20 with 12% profit.
This is a done deal. just need time to finish the deal.
A Chinese company buys a USA company. They will keep most of the employee to work for them. They just change the ownership let it become a private company. no stock trading any more.
Even an American company buys another American company. They will not fire everybody.
ISSI and MIG are the same situation.
because no more bet war and won't close the deal soon.
OVTI is purchase by the same company the takeover price is 29.75 now it price is only 26.33. There is a 13% gap.
OVTI will close next 4/30. That is why.
Mea bought by a Chinese company it has 20% gap now even though it will close before 8/30/15
Adam Weitsman made 0.78 offer
I used to have a buyout stock DRIV. It dropped 43% in one week, then the 6th day jumped 45% in one day. Thanks god I didn't sell my shares.
It takes more than 6 months for all the shareholder to know what will happening.
The company need money badly. That is the reason they issued more stock after the stock hurt very hard. they release a privacy letter to keep the stock high.
It won't take very long we'll know what is happening.