Q: meg is being offered .62 shares of scr and $4.10. scr as of yesterday is $31.5 so .62x31.5 +4.1 =$23.63. meg closed @ $26.09. Can I assume there wiil be a higher offer.No one would tender to this offer.
5i Research Answer:
We do not think the offer as it stands will go through, with a 9% market price differential over the deal valuation right now.