Q: what do you make of this deal between Hai and ET?how far is this deal done?
It called for ET buying Hai for $4.5 so there is still about 10% upside here.
Would this be an easy trade right now to buy Hai for $4 .If there is no takeover ,what would be the fair price be for Hai you think?
Are there insiders owning Hai and what are the positions.
Same as for ABST takeover.wouldn't it be good to buy ABST right now?or is it all too risky?Thanks
It called for ET buying Hai for $4.5 so there is still about 10% upside here.
Would this be an easy trade right now to buy Hai for $4 .If there is no takeover ,what would be the fair price be for Hai you think?
Are there insiders owning Hai and what are the positions.
Same as for ABST takeover.wouldn't it be good to buy ABST right now?or is it all too risky?Thanks
5i Research Answer:
The ET offer is only a 'proposal' and HAI has rejected it. It is possible that ET offers more, but we would be cautious on buying HAI just for this possibility. Fair value is likely in the $3.50 range. Insiders own 23% with the CEO at ~13%. The ABST offer is real, but a large shareholder is objecting to the price (see comments posted). Crosspoint may offer more, but right now there is only a 20c arbitrage to the current bid, which we would not deem attractive enough.