The way things are shaping up, it appears that KKR wont go away. $15-$15.5 dollars seems to be the limit. Otherwise there is not much left for KKR. A hostile on-market raid at a higher price does not make sense. You might as well buy WOW, the better company whcih is now almost trading at a discount to CML. Likely scenario, hedge funds will snap up chunks of CML on market and deliver the stock to KKR for a quick $1-2. Private investors can also do the same thing. If its worth your while, buy up to $14, expecting an offer of $15-$15.50 in a few months. Small margin but good odds.
CML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
