DAEG got a buy-out offer from Open Text Corp last night, but only at $.82 a share versus our valuation at $1.75 a share. So a “take-under”. We doubt any other offers higher than this will surface–DAEG is just too small to fight over.
While this is a 100% gain for the week, it is still a loss of 24% for our position.
Sell. Probably ok to hold on for the merger to happen, but this is always risky.