keep your positionPLI is a very good company we have a small position.
They are trading shares not buying for dollars TST. They are paying nothing for assets beyound the cash of TST. The deal is based in large part on they will keep the employees and thus no severnce payments. The $2.5 million fee if this deal does not close is not unreasonable The question will there be another bid and might there be a wee war for our little company. Hold the line and let us see what happens.
Good luck to all and we are taking a hit of about 20%.