Apple Fans Protest ...
Open Question
any thoughts on what a legitimate offer on AXYS might look like?
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Merger and acquisition deal premiums vary widely. A back-of-the-envelope
calculation with my Bloomberg terminal shows the average deal premium in the
U.S., so far this year, to be 75.4%. On Mar. 10, just prior to Axsys
Technologies disclosing that it was shopping itself for a buyer, the stock
closed at $27.37. 75% higher puts the over/under on a deal at $48, around 12%
above the current trading level. TheStreet.com Rating model for U.S. common
stocks continues to rate AXYS a “Buy” with a recent upgrade to B+ from B.
Stockpickr article:
http://www.thestreet.com/story/10471932/1/what-an-axsys-sale-could-mean-for-gsi.
html lists the rumored suitors.
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