G'day all - Rob, no, I don't think the retrenchment is market's doubt of the merger. Rather, since there is no compelling evidence of a bidding war, the hot money probably decides to take profit. There is also the waiting period and all that, so there is the time value there.
Personally, I m in need of fund, so I am tempted. But I simply can see why I want to discount it so much. OTOH, if it pops above 13, I may not wait for the merger.
Btw, on the same day the deal was announced, I read some interesting on INTV in "Computer Telephony," so even locking up my shares for the tender is a possibility, but the back of my mind is that rock n roll lyrics - "the new boss is like the old boss" <g>
best, Bosco |
