axe - I think you are right, CQT & CAH both seem to be moving down in lockstep, which implies to me that although the market does not like the merger, they are effectively suggesting it will go ahead (hence the lockstep movements)...
meanwhile the SBM bid for CAH is now worth $1.78 - which is a healthy 30% premium to the $1.375 close today...
maybe the CAH shareholder vote on the merger needs to have a choice... i.e. vote "yes" for merger & "no" for SBM bid and get $1.375, or vote "no" for merger & "yes" for SBM bid and get $1.78.
I'm not a rocket surgeon or a brain scientist, but I expect the "no/yes" vote would win that beauty contest!!
needless to say, things may get even more stark if SBM lobs in a higher bid for CAH!!
CAH Price at posting:
$1.38 Sentiment: None Disclosure: Not Held
