RE: Union rejects offer...GroggI don't think this has much bearing on the SP at all. Teachers still wants to buy and this sort of Union vs Mgmt contract dance plays out over & over again.
They reject/ they threaten strike/ back to the table/ mediation/ settlement.
As an aside, I've been checking the insider sales action for the last 4 months and it seems that most employees are exercising their options, be they small unionized workers to upper management types. Tells me there is strong internal belief in the buyout.
88.