Feb. 19 at 10:26 AM
A typical & recent buyout procedure from a non binding proposal from a group with insiders included.
FONR : First offer in fixed cash was at
$17.25 in July 18, 2025.
Deal with the company was announced in December 23,
FIVE months later.
The final offered price was
$19. As I said before, when the acquirers group contains insiders, for legalistic reasons, the price is higher than the initial.
With the announcement of the deal, the sp moved around
$18.5, 3-4% lower than the fixed price. Before that, FONR was traded near
$14.
Conclusions:
-The procedure took 5 months from the proposal announcement.
-The insiders offer was upgraded by 10%.
-The stock price was 35% lower than the final price before the definitive agreement.
Therefore,
It is still early for
$BARK and
$PETS Special Committees to provide their view.
The prices action in BARK and PETS are not unusual or indicate a failure of the proposals.
The final offered price in the case of BARK will likely be higher from the Great Dane Group.
