I too was surprised that BUS would sell at such a price of 6 and 1/2. It certainly has struggled but seemed to be coming back. Shareholders can certainly vote NO to the merger.
Mmm, I've heard scuttlebutt that such a complaint is in the works from a major stockholder. alfy
This stock is in my IRA, purchased between 1 3/4 and2 1/4 per share. Although I make a nice profit onthe deal, I am voting NO. The purchase price is lessthan the 12 month high. The company has been turningin good numbers for more than 12 months, why sell socheap?Lentzsch and Haugsland got themselves 3 year contractswith Laidlaw and apparently the shareholders be damned.One shareholder with 7.6% of the stock has urged a NOvote. Snyder Capital which owns 20% of the stock wasquoted in the WSJ as being unhappy with the price buthasn't gone public with their intentions. Greyhoundshould be fetching at least $8.50, had the board heldon a little longer $12 would not be out of the question. The CEO won't say if he has the votes, so heprobably doesn't. Vote no if you want a better price.
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