RE: RE: RE: Advises Shareholders to Wait for Board The formal evaluation by the Special Committee must be followed for the sake of process.
But, make no doubt about it.
This is a unsolicited lowball offer by a hostile party that wants to remove all or parts of the current BOD.
From this perspective alone, even without considering the merits of Luxor's offer, it will be turned down flat.
Somehow, I get the feeling that Luxor has made its offer merely to force management to put up a " For Sale " sign.
If so, it will work, as that is exactly what they intend to do.