Q: It is my understanding if the HCG takeover does not close by May 20 the takeover offer increase to $44.25. Is that correct? If so how much more of a delay is required for the next increase in the takeover price?
5i Research Answer:
After May 20, the price increases by $0.00273973 per share per day. This is about $0.25 for every three months to closing. So there is now a small daily increase, every day.