Its not exactly a 'bird in the hand", MYL stock could drop a couple bucks if deal was consumated.
"corsage-isle the mental midget"
so PRGO was trading at $164 back when the offer came from MYL. If you were a PRGO Board Member would you approve a deal that is a mere $8 above what you were trading at? I actually think PRGO would pop $4 or $5 if the deal was cancelled.Besides, you could sell calls on your PRGO a couple months forward and end up with as much cash.
Your old pal Lenny, the guy that had all the answers doesn't appear to have anything but questions these days on WMC board.
I called IR and the guy tells me to call my broker. I called both brokers and neither one can figure this one out. Whats the great mystery???? By the way, the IR guy never heard of Quantum before, brilliant group over there!
yea, SO preferreds are solid investment. According to Yield Hunter these may NOT be issued in Grey market. So we need to watch for ticker symbol TEMP06 Monday.