Am I the only BJ Services (BJS) shareholder out there who thinks that this is a lousy deal? Is there any hope for a competing bid? BJ Services traded close to $40 back in 2006, and was as high as $33 last summer.
So we get .40 shares of Baker Hughes and $2.69 cash for a big total of $16.47. Wow, that's a big $0.63 premium over the previous close for BJS.
I know that the management of BJ Services has a reputation for being cheap, but that's not supposed to extend to when you sell your own company.
Monday, August 31, 2009
BJ Services Take Under
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2 comments:
Interesting text. You have a nice blog. Keep it up!
I agree with Diki, you are an excellent writer.
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