Look at the price "signal" before the November vote - it also signaled a YES vote even though the vote turned out to be resoundingly NO. I disagree. Price was signaling a NO vote because it drifted steadily downward into Nov 11, just before the vote on Nov 12. It hit a low of 23.37 on Nov 10. Low market price signaled the merger would not happen (which would have been the case based on the percentage approving existing board members...i.e. above 50% which was required for board seats but well below the 75% requirement for merger approval).
Price has been creeping up steadily since Dec 11 (when it hit 23.52) closing at a recent high of 24.82 on Thursday Dec 24. To me this indicates convergence on 25.50 and therefore approval of the merger.
I was not in favor of the merger and voted against it before selling all my shares. It may be wishful thinking to believe keeping the company independent will result in a higher price than 25.50 any time soon, and is fraught with risk (e.g new CEO, defecting R&D talent which is a scarce resource in Israel, etc). Not to mention that Price/Sales is high for a semi company at 6.81 (BTW about the same as AMBA which is in a much stronger position IMO).
Good luck to all but IMHO the market is saying the vote will pass. We'll know soon enough.
PricesDateOpenHighLowCloseVolumeAdj Close*|
| Dec 24, 2015 | 24.67 | 24.85 | 24.64 | 24.82 | 59,500 | 24.82 | | Dec 23, 2015 | 24.62 | 24.85 | 24.55 | 24.72 | 228,600 | 24.72 | | Dec 22, 2015 | 24.60 | 24.74 | 24.44 | 24.60 | 126,200 | 24.60 | | Dec 21, 2015 | 24.38 | 24.68 | 24.38 | 24.68 | 88,400 | 24.68 | | Dec 18, 2015 | 24.55 | 24.80 | 24.53 | 24.53 | 130,100 | 24.53 | | Dec 17, 2015 | 24.60 | 24.69 | 24.37 | 24.56 | 130,600 | 24.56 | | Dec 16, 2015 | 24.36 | 24.73 | 24.05 | 24.52 | 416,200 | 24.52 | | Dec 15, 2015 | 24.43 | 24.43 | 24.17 | 24.31 | 126,700 | 24.31 | | Dec 14, 2015 | 24.11 | 24.41 | 24.11 | 24.37 | 376,600 | 24.37 | | Dec 11, 2015 | 23.72 | 24.45 | 23.52 | 24.45 | 258,800 | 24.45 | | Dec 10, 2015 | 23.95 | 24.08 | 23.86 | 23.93 | 125,500 | 23.93 | | Dec 9, 2015 | 24.22 | 24.27 | 23.80 | 23.85 | 301,500 | 23.85 | | Dec 8, 2015 | 24.22 | 24.38 | 24.12 | 24.31 | 198,100 | 24.31 | | Dec 7, 2015 | 24.61 | 24.66 | 24.33 | 24.36 | 350,400 | 24.36 | | Dec 4, 2015 | 24.60 | 24.80 | 24.60 | 24.78 | 130,400 | 24.78 | | Dec 3, 2015 | 24.90 | 24.95 | 24.66 | 24.68 | 213,300 | 24.68 | | Dec 2, 2015 | 24.95 | 24.95 | 24.80 | 24.91 | 200,700 | 24.91 | | Dec 1, 2015 | 24.80 | 25.01 | 24.80 | 24.95 | 142,100 | 24.95 | | Nov 30, 2015 | 24.82 | 24.92 | 24.78 | 24.86 | 76,300 | 24.86 | | Nov 27, 2015 | 24.87 | 24.90 | 24.76 | 24.85 | 74,300 | 24.85 | | Nov 25, 2015 | 24.89 | 24.93 | 24.76 | 24.87 | 113,900 | 24.87 | | Nov 24, 2015 | 24.75 | 24.98 | 24.75 | 24.81 | 226,100 | 24.81 | | Nov 23, 2015 | 24.85 | 24.97 | 24.75 | 24.80 | 209,200 | 24.80 | | Nov 20, 2015 | 24.75 | 25.01 | 24.75 | 24.98 | 226,400 | 24.98 | | Nov 19, 2015 | 24.70 | 24.89 | 24.56 | 24.85 | 284,100 | 24.85 | | Nov 18, 2015 | 24.45 | 24.79 | 24.45 | 24.73 | 210,500 | 24.73 | | Nov 17, 2015 | 24.05 | 24.67 | 24.05 | 24.62 | 344,800 | 24.62 | | Nov 16, 2015 | 24.00 | 24.21 | 23.61 | 24.04 | 570,900 | 24.04 | | Nov 13, 2015 | 24.36 | 24.37 | 24.01 | 24.14 | 282,300 | 24.14 | | Nov 12, 2015 | 24.54 | 24.72 | 24.37 | 24.38 | 872,700 | 24.38 | | Nov 11, 2015 | 23.52 | 23.93 | 23.49 | 23.93 | 341,800 | 23.93 | | Nov 10, 2015 | 23.45 | 23.52 | 23.37 | 23.47 | 350,800 | 23.47 | | Nov 9, 2015 | 23.76 | 23.79 | 23.50 | 23.53 | 1,032,100 | 23.53 | | Nov 6, 2015 | 24.08 | 24.20 | 23.93 | 24.00 | 266,000 | 24.00 | | Nov 5, 2015 | 24.24 | 24.37 | 24.07 | 24.16 | 253,400 | 24.16 | | Nov 4, 2015 | 24.38 | 24.41 | 24.23 | 24.27 | 280,800 | 24.27 | | Nov 3, 2015 | 24.19 | 24.45 | 24.02 | 24.43 | 271,000 | 24.43 | | Nov 2, 2015 | 24.25 | 24.50 | 24.22 | 24.25 | 208,300 | 24.25 |
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