I have a hypothetical question I hope someone can help me with. But I should note that I have Pcib in my portfolio.
Lets say BP is considering an upfront deal with the potential of a considerable increase in share price as a resultat.
In the case where Pcib is extreemly undervalued wouldnt it make sense for set BP to start buying Pcib shares beforehand and profit from a potential rise in share price after announcing a deal.
Same goes for a potential acquisition of all of Pcib.
Does anyone have any knowledge of similar cases?