When the group attempting the takeover has such a large percentage of the stock (40%, as of March 4), is takeover inevitable? I imagine they'll be at 50% soon if they're buying agressively. At that point, wouldn't they effectively control the corporation? Is there hope for a higher buyout price?
I had CWA on my watchlist before the takeover offer due to the good yield/low P/E, but it was pretty thinly traded and didn't move on it. I don't think I will bother with the takeover already priced in.
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