Henry Sy's Meralco Foray

Over the weekend, news about the Henry Sy bid for the Lopez shares in Meralco came out. As the market opened today, we see the public reacting immediately, jumping from P188 last session to P216. This much can be expected, although it's a wonder why the public would trade it up. It's a nice speculative play if you're into that but the stock remains overpriced.