Why pay fair price for ARU when you can let K grab it cheap.
K has lost about 25% market cap since this whole thing started. Adding ARU to the stable will dilute and further drop K share price and consequently market cap.
If it were me I would let the deal go ahead unimpeded(meaning no counter bid), let K drop in market cap and then grab it for a song.
Get ARU dirt cheap and whatever else is in the K stable.
I hope to be able to say that I am dead wrong, but IMO we have hit a reef and the coast guard will not come to our rescue. IMHO we will never see anything close to fair value for our properties.
PA and cohorts effed up in the biggest way imaginable. Who, in their right minds and maintaining shareholders best interests, sells a company for anything other than cash plus a minor amount of shares?
A group of Economically, morally and tactically handicapped people, that is who.