There is already a topic about when the stock was trading at a discount to the tender offer (@30 dollars) after the expiration of the first two offers.
Now, that the share's trading @43 dollars, I would be interested if you could share your view about Icahn's next move regarding those whose have joined their shares to the tender offer @30 dollars in April-May 2012.
Do you think that he will try the keep its stake for more than 15 months to avoid to paid the contingency?
"But in any event, as a result of the contingent value rights, if the company is sold for more than $30 per share within the next 15 months, holders tendering during the subsequent offering period will receive not only an immediate $30 in cash per share but also the difference between $30 and the price at which the company is sold."
PR Newswire
http://www.prnewswire.com/news-rele...er-offer-to-expire-this-friday-151534795.html
Thanks
Now, that the share's trading @43 dollars, I would be interested if you could share your view about Icahn's next move regarding those whose have joined their shares to the tender offer @30 dollars in April-May 2012.
Do you think that he will try the keep its stake for more than 15 months to avoid to paid the contingency?
"But in any event, as a result of the contingent value rights, if the company is sold for more than $30 per share within the next 15 months, holders tendering during the subsequent offering period will receive not only an immediate $30 in cash per share but also the difference between $30 and the price at which the company is sold."
PR Newswire
http://www.prnewswire.com/news-rele...er-offer-to-expire-this-friday-151534795.html
Thanks