So randomly while looking at another stock, Yahoo recommended I look at Cineplex, and wow something is confusing me there. They have a deal to sell at $34/share, but the stock is trading at 12.80. The buyer has reaffirmed this month they are going through with the transaction, shareholders have approved, they are just waiting on the Canadian government to approve, and locally the film associations seem to only want restrictions put on the purchaser to invest in Canadian produced content.
Other then people not paying attention, and looking at the fact that they are shut down, why is this stock so low? It's confusing me, shouldn't it be just below $34 like most buyouts that are this far along?
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