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It's strange that they're releasing this after they've signed a merger agreement with Hot Topic. Are they trying to raise the bid enough that the eventual winne
by morley 11y ago
It's strange that they're releasing this after they've signed a merger agreement with Hot Topic. Are they trying to raise the bid enough that the eventual winner pays so much that they can pay Hot Topic to go away? Is this a common occurrence?
- drelihan 11y agoThe board approved the merger, but a majority of the shareholders need to approve. Once 50% of shares have been tendered to Hot Topic presented, then the acquisition can go through.