Will it be advantageous for the shareholders for this deal to be abandoned or outbid the Chinese buyers? What if CY abandons it and wait for possible rejection of the Chinese deal by the US DoJ and SEC? Then come in and scoop ISSI up and lower price?
Where did you get the $25 price target? $25 was when SWIR was an unknown entity. Now with huge growth in all fronts and possibly $2 earnings next year this should be over $40. It will get back to that no later than end of the year. I'll take 25% gain any day.
Many people bought the shares of Code and CY to profit from the merger. Now their exit will push CY down temporarily and then it will start climbing due to the merger potentials. CY can easily earn $1.20 in 2016. Given PE of 20, CY should be up to 25 or 70% increase.