GNW is currently at around $4 and is being bought by a Chinese company for $5.43. Shareholders meeting to approve buyout is on Tuesday, and if passed is expected to be completed by the end of 2Q. Crazily enough the main complaint is that the buyout is too low. Most sites and DD I've read seem to think that fed regulators will most likely allow the purchase, and so most likely reason to not pass is if shareholders vote no, which would make imply another, higher offer is on the table as institutional ownership is greater than 50%. I'm currently holding 1700 shares at 3.50, hoping Tuesday is a good day. Anyone have anymore insight into the situation?
Submitted March 05, 2017 at 09:04PM by Beatnix333 http://ift.tt/2mtE6IB
