Relatively new to individual stock picks. Put a little money into an account after a college course doing some paper trading piqued my interest. I'm down about 37% on ACI currently. But am I misunderstanding something?
Isn't their impending purchase by KR an all-cash deal at 24.6b (34.10 / share) good news for anyone with a cost basis below 34.10? I'm pretty soft in ACI right now (with a basis below buyout price) and with it currently trading at 20.43 I could easily DCA lower. What am I missing? Wouldn't it make sense for it to be trading right around 34.10? Or does the market expect that the deal is blocked?
Thanks for any helpful guidance!
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