how to make 3.68 look good
short it sub 3.60
why bother
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how to make 3.68 look good
short it sub 3.60
why bother
Got my gap fill BUY
Anyone else?
Not gonna buy at the 3.50 gap because that will put us well under the 200 day... too risky
I'm done til the CC
Bought some on Friday but should have waited. They'll probably make us fill the gaps before CC.
Every day I feel like I`m having another tooth pulled.
Liberty sure knows how to make us seem unattractive..
Anyone know what Malone's previous offer to ZIGGO was? I'd like to know how much he raised the bid after initially being rejected.
Every article I've read so far just refers to the bid as "inadequate".
Hey Wolf, here's an article that was just released:
Liberty Global buys Ziggo to expand European cable empire; By Anthony Deutsch and Philip Blenkinsop; UTRECHT, Netherlands/BRUSSELS Mon Jan 27, 2014 11:37am EST
"(Reuters) - U.S. cable group Liberty Global has won its 10-month pursuit of Ziggo with a deal that values the Dutch operator and its debt at 10 billion euros ($13.7 billion) and expands billionaire John Malone's vast European cable empire.
Ziggo rejected an initial offer from Liberty last October as too low, seven months after the U.S. group controlled by Malone first bought shares in its Dutch target.
On Monday, Ziggo accepted a cash-and-shares offer at 34.5 euros per share, a 22 percent premium to Ziggo's share price just before Liberty's initial bid."
So, with SIRI closing at $3.57 on January 3 - Liberty's initial offer date - a 22% increase would get us to $4.3554. This would be somewhat in line with analyst's lower-end estimates.
He doesn`t want us because we are unattractive. He wants the 2nd piece of this Co. for a little more than he paid for the 1st part.
Thanks MLSiri :thumbsup:
I wonder if Malone had a controlled board in that Co. ?
njb - Liberty already owns 28.5% of Ziggo. Here's the link to the article: http://www.reuters.com/article/2014/...A0Q0BC20140127.