A very low-ball offer, it seems to me. IVA has cash and no debt.
Now, speaking of a company that has little cash, and plenty of debt- DML- can anyone do a comparison? DML has a market cap of $61m, and debt of $154m, so would sell, if it does, for $210 + premium. Can DML be considered a superior operation? Asking this to anyone who has an idea about the two, or can come up with any ideas. Thanks.