Option traders would have a real beef with Manuso and the board if that is the case. Options are still trading, I know a friend who recently purchased Astex options. Don't know why you would say that!
Think about it. How could another firm bid higher iif they don't get access to data and cooperation from management! Who else would give the bonuses, pay, perks and future board seats?
A real dog today, maybe we get a lift for end of month. End of qtr. for institutions! This stock has done nothing for the last couple of years. They drove share price down from these levels only for management to crow when were back up again! At least the dividend is a little higher. Paulsen jerked management into selling life to Buffet. They didnt even know they loost money on the sale until the following qtr. Pr4ety easy to give assets away.
They document 6 Deleware and 5 California lawsuits that Astex says has no merit and they will vigorously defend against. Hopefully we find an honest court room somewhere. Astex was ordere3d to release material information in this merger. This information should be released to all shareholders. The complaint alleges Astex is misleading shareholders about this merger and giving false information to gain tender of shareholder shares. Figures #$%$!
No, I don't think so! All waiting to see if this goes throiugh. I plan to have an attorney file for apraised value. I think a lot of funds will do the same. Also waiting for Nasdaq to update ownership summaries. This happens around the 25th of the month.
Look institutions and hedge fund(s) are buying shares. You might ask yourself why. They are not planning to tender their shares. I plan to ask for an appraisal and not tender my shares.