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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: My understanding is that shareholders of PHO will receive$3.60 per share if the buyout goes through. is there any reason to hold onto Pho right now given that the buyout is for $3.60 and this is what other traders seem to be willing to pay right now? there were a lot of asks vs bids today. I'm not sure why someone would want to buy Pho knowing that the maximum they will receive is $3.60. can you please shed some light on this?
thanks for your help
Read Answer Asked by Mary on May 13, 2021