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Old 05-22-2017, 03:39 PM   Nav to Top  #1
RandomM
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Default MSLI news question

Hi, I'm new here and new to stocks. Last week MSLI came to my attention by having exceptional volume and a decent percentage move. So I looked into why, and found that a larger company agreed to buy all the (outstanding?) shares of MSLI for $1.65. MSLI was $1.01 when this was announced, and is currently $1.18. The large volume was not the larger company buying the shares because that deal has to be approved in court in September. Why September, I don't know. So we know there's likely a major purchase of these shares at $1.65 coming up.

It looks like a great reason to buy the stock, but am I missing something? Maybe it isn't really that great, or likely, or for some reason doesn't matter. I wonder how it looks and sounds to more experienced stock traders.

Here's the announcement about the agreement.
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