It hasn't been mentioned here, but Conversant, a digital marketing company, is being acquired for $2.3 billion, or $35 per share.
FUEL and CRTO ran up on sympathy with the deal. I have no idea who's going to be interested in buying FUEL at this point in time. They've had about 10 lawsuits filed against them in the last month. Of course, that's the American way when a stock goes down precipitously. Shakespeare had it right when it comes to lawyers.
Funny, but I had owned Conversant since 2008. After 6 years and 4 months (but who's counting?) I said screw it and sold my stock (to buy more FUEL). 35 days later the company gets acquired. Figures
It's already rather interesting. And getting juicier with every handful of mud thrown.
Apparently there's mud by the truckload.
I know one thing when it comes to this suit, I owe HP a big thanks for buying my Autonomy stock at an outrageous price. (That was actually Leo's doing. The boards here aren't as involved as many would think, nor are they as involved as perhaps they should be.)
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