RE: Counter proposalDlegovich, I agree with your assessment here,(far too cheap an offer,but why?) however something as you point out is definitely not making any sense. Loosechange, brought up another angle, a possible buyout of CS also. Now couple that with your assessment of management's lack of enthusiasm for some reason to maintain and run a profitable asset, a rarity these days and something smells here in my opinion. For some unknown, or unapparent reason,management seems to be walking away far too easily, from such a quality asset? SST, how much effort is really required to run it,they take a cut off someone elses efforts, a great model,tough to figure this out so far. Perhaps a new management team is in order if this one can't get out of bed anymore.
The other possibility is the assets aren't as rosey as all have been lead to believe, more to come over the next weeks is my guess. Perhaps the next CS' earnings will uncover some hints as to why this deal is going forward at this price.
Another thought, is CS having ties to SST, used SST as vehicle to feed the cash over to CS in the Minto deal, and restructure CS's debt, and had plans all the time to unload SST, either way the conflict of interest seems to be serving very little use to either stock at the moment.
Time will tell.