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Berkshire & BNI Deal


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Could be short covering.  The same thing happens in the final stage of a cpt 11 when the shareholders are going to get zero!?


Thanks, twacowfca, that makes sense. I'd been wondering how I'd been able to sell my shares in a pizza chain for a percent or so above the private buyout price 8 years ago, days before their de-listing, and I suspect you've given me the answer. I made a good return in about 8 months, but was still bought out well below intrinsic value. Thank goodness for margin of safety!

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