Yom Kippur is over

The market needs to be told....SPUZ are down $2.5 in very blah trade.

APO is a stock my fund is long - they got a takeover bid late friday at a price below the prevailing market price - this is a stock that is 50.58% owned by one family, they are the ones who agreed to sell at $7.75 per share, a board member resigned over this ridiculous price in advance of the announcement. The company has said that they will be looking at other bids over the next 30 days, a very important key to this puzzle is that the stock is trading above the price. If I was the controlling family I would be very unhappy that since the announcement 100k+ has traded - there is only 5.2 million outstanding - maybe someone buys some stock and then says im $10 bid only to have the $7.75 buyer say Ill pay $11. Oh well - should be fun watching this storyu unfold.

JB