Aug. 21 at 9:23 PM
$PSNL has already reached the same pre-close takeout-pump zone we saw in other M&A targets (including
$ESPR in the 6–12 months before its deal). If I’m right, it drifts back down and settles in the 16.xx area (anchored to the
$16.25 takeout). Should the close slip past January 1st, year-end emotions + tax-loss selling will add extra pressure — exactly the kind of setup they would aim for. Right now, it’s trading at roughly 1.15% of the take-out price, the same late-stage relationship we saw in ESPR (+CVR) and other M&A names just prior to closing
