Quote:
Originally Posted by SensualPoet
But 36 hours later, has anyone noticed that the B&N shares, though higher than before the offer was made public, haven't actually hit $16 yet? With a Charlie Brown smile, a couple of analysts optimistically stated (including repeated by WSJ "reporters") that the company would sell for at least $20/share. However, B&N closed at $15.65 today ... I'm just saying ....
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Today, B&N closed at $15. If anyone who currently owns the stock thinks they are going to be paid $16 for it and sold today at $15 ... doesn't believe they ARE going to be paid $16 for it.
And who are these "8 to 10" bidders for B&N that the B&N board is currently "considering"? Clearly, current stock holders don't believe THEY are going to pay more than $16 a share either ... in others, they aren't hanging around for a bidding war. William Ackmann has his bid already filed with the SEC ... these shadowy figures haven't said bupkis. Again, more info to come and we must be patient but ... I'm just saying ....