If HH decides to raise its offer price for Superbowl in order to achieve its objective of delisting SB, will that result in a fall in HH 's price? The market seems to be inclined to tht view, as HH's price has weakened to 79.5 cents.
It's the other way around now that the offer has turned unconditional. HH (84 cents) is the stock to switch to as it is going to swallow Superbowl cheap, and Superbowl is the one to sell since HH is not going to up its offer price.
SB saw big married deals today. If HH has bought the shares married as well as others in the market today, its holding of SB shares will reach about 88%.
That gives it a very high chance that 90% will be hit, and SB could be taken private and delisted.
Perhaps those who are exiting SB will have to buy HH shares to ride on the latter's undervalued assets (now that HH owns the cheap properties that belong to SB).
