bullish
Macromill (3978 JP) - Five Major Investors Have 50+%; CVC Extends and Will Need to Bump Or Walk
935 Views26 Dec 2024 18:53
Today, Macromill bidder CVC extended the TOB til 17 January. I expect that is not enough. We have the extension. Next we need the bump. But the large holders now own enough to determine their fate.
What is covered in the Full Insight:
- Introduction
- Changes in Shareholder Positions
- Tender Offer Extension and Expectations
- Potential Outcomes and Risks
- Conclusion and Trading Strategy
Boomeranged on Wed, 15 Jan 2025 04:07
Today is the last trading day for anyone to buy and tender into the Macromill Tender Offer which is 5% below the current price. The stock hasn't traded below terms, and 50+% of the register is not selling above terms. I expected an extension, got one, now expect an extension and an unsatisfying bump Friday. The question then is whether people sell into it, or CVC lets them join the back end.
SUMMARY
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Full Insight
(Paid Plans Only, 6-minute read)
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