Hmm: Some on Wall St think we’re not done with MSC

We’ll find out soon enough, but at least some investors think that MSC has or is about to receive an offer of more than $8.30 per share. The stock closed the week at $8.31 but dipped back to $8.26 in after-hours trading on Friday. We’ve gone from a total deal value of $350 million in July to just under $380 million last week. Speculators are churning the stock like mad, as around four times the pre-deal number of shares changed hands last week. In all likelihood, trades were in response to rumors swirling around of offers significantly higher than the $8.30 per share last published (although the current NASDAQ price doesn’t seem to lend this rumor much credence) and naming the new entrants into the bidding. The rumors may be right or they may be wrong — we’ll publish when the companies involved say something definitive.