Amazon is going to acquire Globalstar and it is said they will pay or offer $90 for each stock. Right now the stock price is $80. Why does it not go to $90 directly and then kinda caps there?
I would expect that the price goes up to 90. I could buy a stock now for 80 because I can be sure that Amazon will buy it from me for 90, right? That would be an easy earning. However, I feel I am missing something? I do not want an investment advice, I just want to understand the mechanism. Thank you