HTCH 4$ ALL CASH BUYOUT OFFER Trading at 1.50$ OR NEARLY 200% BELOW Buyout Offer DD Here Along W the Chart
The company’s net cash (“Net Cash”), as defined by its November 1, 2015 merger agreement with TDK Corporation (“TDK”), was $50.7 million at the end of the fiscal 2016 third quarter compared with $51.3 million at the end of the preceding quarter. Under the terms of the merger agreement, TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of $3.62 per share, plus additional consideration of up to $0.38 per share, depending on the level of Net Cash held by HTI as of the measurement date, as defined in the merger agreement. The full amount of additional consideration would be realized if the company’s Net Cash equals or exceeds $35 million as of the measurement date.
Now you say why the sell off well its STUPID Really the FTC has a trade thing or whatever review but hell this company makes hard drive suspension componets i dont see how this deal gets blocked anyways buying here at a 1.50$ (Thats what the company has sitting in cash btw)
Also ill go even further This company is turning things around companies losses have shrunk this company could be VERY PROFITABLE W New management you cut RD Expenses raise prices just a little and Kaboom this company will be raking in the money thats why TDK Wants it anyways trading at Cash get the business for FREE W a buy out offer at over 200% higher then where we are buying shares at
THESE SELLERS ARE DUMBER THEN HELL STRONG BUY ON HTCH