No topping bids, after extending the go shop. But now they are exploring indications of interest to sell part of the co while Mr. Sillerman's bid is progress. Gee, this gets better and better. So, when does Mr. Sillerman have to disclose his financing plans? Good luck everyone.
Can't some of you folks be a little more respectful and have a civil discussion? One example is EDS; deal announced 12/3/13, and arbs are still waiting for Godot for the deal close (fortunately I am not one of them). Stock was delisted long ago. These things can and do actually happen.
I get 65.02 using the data from my quote feed into my platform, as of the 10 trading days ending yesterday. Note that this is not the official data (not a BB terminal), and of course ending yesterday are not the terms of the deal, but I imagine it will be somewhat close. HTH
Sold Fri before most of the damage, fortunately, but still lost money on the trade.
Regret not going short, the setup was perfect and I thought about it for a good while. Oh well, coulds woulda shoulda. I still think the deal will close, but i don't have a ton of confidence in that call, and I don't really understand what is going on. What I've read has been mostly BS so far, but you can't fight the tape and the politics ...
"It seems logical that the docs were released to the public on May 8th"
Except that I was reading them on May 7th. I don't think we know when they were released (well, at least I don't), but it was before May 8th.
Its interesting to note that on May 8th, Someone hit the ask for 677 May 25 puts at 60 cents on a 20 to 60 cent spread. Not a massive trade, but not chump change either. The OI at the time was about 140, so it was an opening trade. At the time of the trade, the common was trading at a price that made a married put trade a sure loser, so it seems someone speculating or knowing the price would drop to at least 24.40 by this Friday. FWIW.