https://www.cnbc.com/2024/03/14/arkhouse-macys-proxy-fight-continues-as-deal-negotiation-progresses.html
10 replies (most recent on top)
Some estimates say the retail property is in the low 30's per share.
$24 per share is way too low. The real estate alone is worth more than that.
$24 is already a high offer, stock is now at $21 so pretty sure investors will still be happy since they still making money at this rate. The other alternative is to lose $$$, better make that $3 than losing $5.
What you mean 2x? I thought they only up once?
How could it be a done deal when they have upped there2x?
It's about as far from a done deal as possible but keep telling yourself that. Weirdo doomers on here.
My completely ignorant gut is telling me the board is holding out for a higher offer. Whether it comes or not, we should have a few months to get resumes ready and start interviewing.
Because $24 is not gonna last, if the deal not happening, stock will drop back again
So the stock is climbing, driven by the takeover talks. The buyout bid is $24. If the stock goes up another 10% from today's close which it most certainly will you are at $24. Arkhouse would have to raise the offer again. If they don't then why would investors agree to sell take a buyout at what is almost face value? That would make no sense for shareholders.
Like someone else said, it’s a done deal. Funny how some people are still not believing it