The next point to analyze is the spread - the difference between the market value and the offer price.
Square D's stock continued to rise toward the offer price.
The price was slightly below the best offer price of $5.88.
Many of the other stocks sold to the public are selling below their offer prices.
Don't buy a greenhouse on the basis of offer price alone.
But the shares have never traded above the initial offer price of $25.
It would be the offer price, the price of the company.
Business secrets, which may include the offer price, where documents have not yet been sent out, are protected.
"If the offer price gets into the $70-a-share range I don't know how they can fight it," he said.
An executive close to the company said the offer price was worth more than the shares have traded for in the last 12 months.