They reaffirm the accretive value of the merger so why would they go away and dump their Simga share holding at a loss or hold (with their expectation that Sigma's restructure is doomed). They are now between a rock and a hard place having shown their hand and now will have to move to a hostile offer (potentially having to up the offer).
This is about the 4th or 5th time that the API/Sigma deal has been up in the air..............it has to happen!
SIG Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
