As of 10am est their stock is down nearly 20%.
I've always wondered.. Why would a stock (roku in this case) trade below the acquisition price (currently showing around 141)? (160 in this case)
Does the market think this sale won't be approved by the current administration for some reason?
It's a complete betrayal of the user base but I'm sure the CEO will get paid a big buyout so they'll go forward anyway.
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I've always wondered.. Why would a stock (roku in this case) trade below the acquisition price (currently showing around 141)? (160 in this case)
Does the market think this sale won't be approved by the current administration for some reason?
It's a complete betrayal of the user base but I'm sure the CEO will get paid a big buyout so they'll go forward anyway.
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