RE:RE:Financial AdvisorI'd add that the other thing I view as positive is that from the PR about retaining a Financial Advisor, we ALSO learned that there was a recently formed Special Committee and it was the Special Committee that retained the financial advisor.
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Special Committee definition from Thomson Reuters Practical Law
An independent committee of disinterested directors formed to act on special matters that may involve a conflict of interest for a member or members of the board of directors. Most often a special committee is formed by a target company's board of directors to negotiate and approve (or reject) a sale or change of control transaction. Special committees are usually recommended in instances where a majority of the target company's board members have interests not consistent with the interests of the stockholders as a whole (such as management directors who may have substantial gains if the merger is approved or the controlling stockholder in a going private transaction. A special committee usually retains its own legal and financial advisors, independent of the full board's advisors.
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To protect the interest of Minority shareholders (aka us), a special committee is made up of non-management (aka independent) directors and they scrutenize / negotiate any potential transaction.
I view this as a positive sign.