Let me display, again, that which I do not know..... I understand why the share price of a company which has been taken over goes up.
However, in my naivety, I would have thought that the takeover company, by its actions, is actually indicating a position of strength in taking over a smaller competitor and that, in so doing, it is actually placing itself in an even stronger position.
As an example, since AGK announced a takeover action its SP has continued to drift south.
Why is it so?