by Travis Johnson, Stock Gumshoe | September 27, 2013 11:05 am
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Source URL: https://www.stockgumshoe.com/2013/09/brazil-takeover-probably-have-to-accept-it-but-no-rush/
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Sigh, this will be the 4th “long term” investment I’ve had that has been taken private in the 4 years I have been dabbling in the market.
Oh, well, off to find another future.
Travis, thanks for all your research, input and musings.
Travis,
Do you have any information on Tripp Levy, PLLC and their announcement of possible conflict of interest litigation on this takeover and what it could mean in the long run?
Thanks in advance,
Robert
No — there are ALWAYS lawsuits in a take-private offer, I don’t know what their odds of success are. A better offer is possible, but I’m skeptical. That’s why I haven’t sold yet, just in case a stronger bid comes out. Don’t know if they’ll wait until the vote to decide whether to up the bid, or if they think they have the votes already.