But, the right driver can push a stock way up. Like this one: Brazauro Resources is being taken over by mid-tier producer Eldorado Gold...for a 92 percent premium over its last trading price. Yep, 92%:
At $1.33 per share, the all-stock Eldorado offer came at a stunning 92 per cent premium to where Brazauro stock was trading before the deal was announced. Typcially, takeovers play out at a 20 to 30 per cent premium.
Not all deals are that rich; far from it. It's still a jungle in there.