RE:RE:RE:RE:RE:RE:RE:Company reasoning for the credit limit increase direct quoteFair point retired. If the Committee comes back recommending a takeout offer, you will be proven correct. If not and there is no hostile takeover offer, the end result is the same (business as usual) regardless of the reason(s) behind it.
Just to clarify:
The Speical Committee is under no obligation to bring any firm offer to shareholders for a vote. The Committee can reject any and all firm offers made by suitors and issue a press release simply stating they recommend the best way forward is business as usual. No need to mention if there were any firm offers, how much was being offered if they did in fact receive firm bids, why they rejected any / all offers, etc. If any of those entities whose offers got rejected want to take a vote directly to shareholders, they can make their offer public and try to force a shareholder vote on it (i.e., "hostile" takeover offer) . Of course, any firm making an offer would prefer CTS's BOD announce it and give it their blessing ("friendly" takeover offer).