[winterchil]

>top class negotiating skills exhibited by the sellers

Certainly a nice premium but not clear if this is a result of negotiating prowess or necessity given the large fractured institutional holdings. 30% is a pretty typical change of control premium for public companies and until the offer OPEN was under its 90 and 120-day moving averages.

[jonknee]

It was under its averages, but still at a frothy valuation (75 P/E before the announcement). The majority of their revenue comes from bookings and that's going to be hard to continue milking quarter after quarter. A great move to sell out for a very high sum.