Quote:
Originally Posted by Fredledingue
I don't understqnd why poeple are still buying BSC shares for $6.50+...
Any idea?
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Perhaps, part of it denial. Perhaps, it is Bear employees who buy up all the stocks and then vote AGAINST the merger valued at such a ridiculously low price. Perhaps, it is that big shareholders accumulating stocks in BSC to save their investment values. Also, if the merger broke, JPM has the right to buy 20% of BSC stock at $ 2 per share, leaving 80% with a potentially much higher price.