Sunday, July 02, 2006

Onyx update

In my post on Onyx buyout, I had written about a possible higher offer from CDC. That offer materialized last week.

CDC made a hostile $5/share offer, which would be a 18% premium over my average cost. Will M2M, the current friendly buyer, make a higher bid in an effort to thwart any more offers from CDC ? I think that is a possibility.


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