Well I bought today at $4.25. It seems there are two possiblities for REB
1. At the meeting on Thursday, the takeover will be approved. That will mean the shares will be bought back at $4.60.
2. Some of the major stakeholders who have been increasing their holdings are planning to vote against the takeover because they believe REB is worth more than the $4.60 takeover offer.
Looking at the financials for this company would indicate that the shares may be trading around $5 by the end of the year in the absence of a takeover.
To me purchasing at $4.25 is a win/probably can't lose situation.
I've also put a lower bid to catch any market swings following the vote on Thursday
REB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
