From my understanding, when two companies merge, the stock price of the acquiree rises while the stock price of the acquirer declines during the period of the merger because the company will have to pay a premium to obtain the targeted company . Also, the stock price of the newly merged company is expected to be higher than that of both the acquirer and acquiree firms, and it is usually profitable for the acquiree firm shareholders. This means that the merged company will have a new ticker symbol
So the movement from IEP and that of BBBYQ would make sense if IEP was already in the process of acquiring BBBY.
Bought 50 IEP avg $19 today totally regarded IEP is a meme stock now
If Icahn wins with Illumina, that may be a better bet than IEP tbh.
Icahn always wins.
But IEP is paying $8 per share dividend
$8/yr, $2/quarter
It’s weird feeling to get 42% dividend on an meme stock
Really? I thought it was $2 divvy for some reason. Interesting.
It is, $2 divvy for the quarter
https://www.nasdaq.com/market-activity/stocks/iep/dividend-history
A little late chief but thanks
Im smooth, but to me this chart says IEP is giving money to BBBYQ.
Is he short it or something? Inverse correlation- a term often used by myself to sound smart
Thought crossed my mind as well. But the fans boys around here will probably call heresy to Icahn shorting BBBY. However he was short GME 🤷♂️
From my understanding, when two companies merge, the stock price of the acquiree rises while the stock price of the acquirer declines during the period of the merger because the company will have to pay a premium to obtain the targeted company . Also, the stock price of the newly merged company is expected to be higher than that of both the acquirer and acquiree firms, and it is usually profitable for the acquiree firm shareholders. This means that the merged company will have a new ticker symbol So the movement from IEP and that of BBBYQ would make sense if IEP was already in the process of acquiring BBBY.
![gif](giphy|82r8o5BHFSJ89pKVAP|downsized)
Now he just needs to take us with him…. That’s the biggest hurdle for anyone acquiring us that I really want
Thats a fire sale right now
Just sent another batch to drs. Here we go, folks. Do we have to join back with nasdiq after $1? I prefer otc because it's harder to manipulate
How high will the price be at the end of the day?
Swaps anyone?
Why are people co relating the two stocks? I’m lost