I've always wondered.. Why would a stock (roku in this case) trade below the acquisition price (currently showing around 141)?
(160 in this case)
replyDoes the market think this sale won't be approved by the current administration for some reason?
Sure seems like free money. In normal times, there is a chance this could get blocked, but a favored media outlet of the administration seems a lock.
replyAlso, look at the five day chart. Shot up from $120 on Friday. Bunch of leakers new early.
It's a complete betrayal of the user base but I'm sure the CEO will get paid a big buyout so they'll go forward anyway.
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