EA is going to buy Glu in a merger announced yesterday. Owners are going to get $12.50 per share in I believe May. Yet the stock has actually been trading above this price throughout the day, which defies common sense and basic financial principles.
I read somewhere yesterday that there's a possibility that a competing offer could come in yet. But that was one article and no other source mentions this.
If the deal is done then I would just as soon sell and move on but I'm wondering what's going on there.