Q: hi, if the financing is not secured by mid January (new) transaction date, and the "deal" does not take place, where do you see the price of NBLY shares ending up? ie what is the possible downside of buying shares at current prices? cheers.
5i Research Answer:
The stock was $12 before the 'bid'. Considering a bit of a market recovery, and the offer price, we would guestimate shares would fall to the $14 range. They could spike lower on sentiment, of course, if investors got angry at a failed deal and blamed management.