smaycs4, the yearend transaction was definitely suspect. If 78c is a reasonable worst case, then will you buy at the current ask of 60c?
Ingenious press release announcing increased consideration! Saying in the press release that the increased consideration of $5.60 from $5.25 only goes to independent shareholders and not to management (they still receive $5.25) somehow makes it sound like the mgmt is finally get less in the merger. The exact opposite is true. Since there is a left pocket/right pocket transaction between CME and mgmt, all it means is that indirectly the mgmt is paying more for the business they are buying by taking less for there shares! Once again, without BGC we would have been screwed by mgmt for buying their portion of the business on the cheap - practically all the increase from $4.55 to $5.60 has come from mgmt. CROOKS.
Tell me one more time - why would I want to sell my shares to CME/Management bid?? This one is a classic. Even if management succeeds make sure to exercise your appraisal rights and vote against the deal. I think it will be easy to get them to pay the difference - a good class action lawsuit in the making!
Does anyone on this board have an opinion on the antitrust issues regarding INGR acquistion. I don't understand this space from a product/market concentration perspective. Currently there is a HSR 2nd request in play.
Well, I read somewhere SEC is in the process of reforming the EDGAR releases. Currently the releases are made available to private data manager subscribers anywhere from a few minutes to few seconds earlier than EDGAR release. OR it is good old fashioned insider trading!
Does anyone on this board have an opinion on the antitrust issues regarding INGR acquistion. I don't understand this space from a product/market concentration perspective.
part., no one from the company seems to return phone calls. How do you get in touch with Critchfield? Do you know what the latest hangup is in closing the deal so that we can move on with our money and invest in other stocks? Selling for 26c is not good especially if they are going to close at 27c in 2 to 4 weeks.
I think it is because the market is expecting an update to the merger agreement document after SEC review - either a revised or a definitive by now. Hopefully it will be out any day now and the trend of closing the gap can resume.
Anyone have any info on this land sale? Was supposed to have closed the deal before the year end or more deposits to extend deadline. Didn't hear anything from the company and no filings.
Aware of GULTU since April when Buyside wrote it up. In the current crude oil environment, you are still hopeful? I don't know the details of Freeport's plans to keep exploring but this could all end up worthless. Or am I missing something?
Had a great Christmas and now getting ready for the New Year's party!
MT, yes the SWY CVRs are easier to value. AT, NF any comments on RNA?
SA is full of too many amateurs. Do you get a lot of newbies there? Wondering there is a way to create private chat area by invitation only.
Can you clarify what "when deal is finalized" means? I thought deal was finalized and we were all going to get paid soon. Why dump the shares now?
MT, don't know where to congregate now so posting here. Have you looked into the RNA buyout by BMRN? Trying to figure out CVR valuation. Currently trading a dollar above cash portion. CVR valuation is key - thinking NPV of around $2 or more.
The property is 700 S Battleground Ave, Grover, NC 28073. Hope they sell it soon and stop slow leakage of money and time value.
Here is the wording:
" On October 22, 2014, a meeting of the Board was held, at which representatives of Morgan Stanley and Skadden were present. At the meeting, Mr. Dobson provided an update with respect to the contract renewal negotiations with Digital River's largest customer, including a meeting held among representatives of Digital River, Siris and Digital River's largest customer. Mr. Dobson noted that Siris had agreed to forgo insisting that Digital River's contract with the customer be finalized prior to execution of a merger agreement, so long as the "material adverse effect" provision of the merger agreement did not expressly exclude from consideration non-renewal or termination of customer contracts."
MT, I read somewhere that Siris wanted to wait till the MSFT renewal was signed but DRIV insisted on proceeding without the renewal signed. Siris in exchange asked for the removal of carveout of contract non-renewal from the agreement. To me all this points to MSFT non-renewal is a deal breaker (or at least Siris has the option to invoke MAE) and both sides knew it.
Where do you get the $12 figure? Hard to get good data from Yahoo after all the mergers etc. Looks like tangible book value is right around $8 per the Q3 10Q.