RE:RE:RE:RE:RE:RE:Proxy Advisory Firm Glass Lewis Says "DO NOT TENDER"subliminal23 wrote: I can't for the life me figure out why anyone would be concerned about this deal not going through. First, they will
Continue to beat on earnings because huge demand in home office and bicycles. Eventually, if this deal doesn't go through the board will have to reinstate dividend if they want to access the money in other ways. I bet that we see the vote postponed again because they still don't have the votes. I am not a financial advisor.
They will not postpone as they have would to go to court once again. The reason they postponed the first time was to 'communicate with shareholders' and update them with new information.
There are really 2 choices, either they raise the bid a 3rd time or they wait for the results of the meeting and votes on Feb 16th. I suspect if they don't get close to the majority they need then you will see a final and proper offer in the $20's range. If it is close they will simply extend the deadline to get more shares to tender. Fairly certain management reads these comments, my message is give the minority a fair price for the shares and you will get them. At this point my guidance comes from whatever Letko Brosseau and Brandes LP decide to do.