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Worden Discussion Forum » General Discussions » Stock and Market Talk » sebl takeover

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Nevania3
Posted : Thursday, October 6, 2005 10:47:06 AM
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Joined: 7/28/2005
Posts: 8
 Hi all
I bought some SEBL shares back at $8.50, and was happy to see the takeover offer hit the market. As a trader from Australia what I don't understand is that the takeover offer is at $10.66 but the stock is hanging around the $10.30 mark. Why isn't it trading up around $10.66?? What am I missing?
Nevania
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tilda
Posted : Friday, October 7, 2005 8:08:07 AM
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Joined: 6/20/2005
Posts: 2
 Nevania at least two issues will likely keep sebl trading at a slight discount to the proposed buyout price of $10.66

1) deal is for cash AND orcl stock

2) lawsuits filed after deal announced may delay (but probably won't stop) the acquisition

It's not uncommon for stock of proposed acquirees to trade at a slight discount when there is still uncertainty as to the close.
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Nevania3
Posted : Monday, October 10, 2005 9:22:57 AM
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Joined: 7/28/2005
Posts: 8
 Thanks Tilda
I think I might sell and take my profit. Watch it run once I sell.
Nevania
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