On 4 November Metro Bank (MTRO) said it was in bid talks with private equity group Carlyle and that the private equity vultures had until December 2 to put up or shut up. Carlyle kicked a few tyres and looked under the bonnet and today it walked. Natch Metro phrased it differently:
As I noted yesterday, members of the OneMillionTradeMarch chatroom on Reddit were voting on which stock to buy en masse at 8 AM on Monday to #burntheshorters. Well there aren’t many shorters to burn in the case of the target pick but & if it rockets the big winners will be fat cat bankers but why stop the facts getting in a way of the narrative?