Turtle Beach has rejected a $36.50 buyout offer from Donegal Group. Is that the floor? Or is management just out of their minds?
Just looked a bit into Donerail, it doesn't strike me as a fund that can acquire companies, no PE only stakes in public traded Co's. It seems more like a strategy to see if they can lure out a competitor with a higher bid
Hey Elmo, when I look at the shareholder structure, the who's who of the arbitrage community is involved? How crowded do you think is the name?
Just looked a bit into Donerail, it doesn't strike me as a fund that can acquire companies, no PE only stakes in public traded Co's. It seems more like a strategy to see if they can lure out a competitor with a higher bid
Hey Elmo, when I look at the shareholder structure, the who's who of the arbitrage community is involved? How crowded do you think is the name?