The Deal Isn’t Likely To Take Place
In my view, the deal, at least as it stands, isn’t going to happen. Ultimately, the premarket action on TIF stock shows that the company’s shareholders value the stock more than the potential suitor. After all, the stock is trading at $129+ per share in the premarket. So, if the deal were to be taken today, the premium would be a negative one.
However, there is a possibility that following today’s news, a negotiation takes place and a better offer may be provided. Nonetheless, as it stands, this will likely be the last we hear about this takeover offer if nothing is renegotiated.
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