Toyota is buying Cascade for $65 bucks a share.
Well, I looked at the stock ticker and traded at almost $66 a share after the announcement!
Why?
Update:
Cascade is a manufacturing company for mechanical parts on cars.
As far as I know Toyota is the only company in the mix to buy Cascade.
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✅ Answers
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I didn’t know Toyota was getting into the detergent industry?
The reason why a 1$ premium was giving is because of speculation that a better offer was going to be entered by another firm. Example: Another company sees TM offer and decides cascade is worth 70/share and that person that traded at 66 has made 4/share.
control the market.
monopolistic tendencies