How much % ownership/share voting rights do the board have? assuming the board votes for it, and even half of the other shareholders vote for it - it's basically a sure thing, right?
Reason I ask - trying to figure out whether to hold, or sell now. 15c off the offer price on my holding of approx. 10,000 shares is not much.
My thinking:
1) Could get closer to 780 jn the next few days/weeks
2) Could drop back once excitement wanes
3) Oracle could sweeten the deal if people start voting against (doubtful?)
4) Could get over 780 before the deal - but i'd be very surprised.
Thoughts?
ACX Price at posting:
$7.64 Sentiment: Buy Disclosure: Held