RE: “The bid is starting with a 2!!!!” - REALLY????29 Apr 2023 14:16
Sbelt.
At the risk of repeating myself.
The reason that pe such as apollo, or indeed most bidders, don’t buy in the market, even a small percentage, at a discount to where they bid is as follows.
They won’t pick up a significant enough amount of shares. They will move the price up, so that their bid does not look attractive. And, if the bid fails to materialise, they are left holding shares that they don’t want.
It does happen, rarely, but they don’t like to. They play a bigger game. Happy to bid up for entire company’s, rather than buy small amounts cheaply.