I'm holding till I feel a price is justified, whether it be takeover or just general market. Let's look at it this way, I am 99.9% confident that AWE will not obtain the 90% of shares which will then allow them to fully own the company. However I do think that they will probably obtain 50.1% to have majority ownership and voting power control.
Some people have said this will be a bad thing, I thought this at first but having thought about it, if they do obtain 50.1% they will run it how they want, bad thing, I don't think so. AWE along with people still holding ADI are still going to want the SP to head north, them taking control may not be such a bad thing as they will want to add value for themselves.
All IMHO
ADI Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
