..why is AZS falling -7% today, are holders getting cold feet that its SQM/Hancock TO deal may face a stumbling block with China's Tianqi being a key shareholder of SQM?
..it is a wonder why people held their shares which was trading at or very close to the TO price of $3.65 when there is no more upside with the deal going through?
..and if the deal does not, for reasons owing to FIRB, the stock is almost certain to crash just like LTR did. The problem LT holders keep thinking that the value of AZS/LTR are worth more than the TO price, otherwise the takeover would not have been done at those prices. But if and when a TO deal is torpedoed, we can always expect the share price to fall in line with its peers, holders could then buyback after selling, as an option.
