GREY:CLLZF - Post by User
Comment by
rehsifylfon Jan 11, 2012 9:40am
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Post# 19390593
strzelin - re Activist Shareholder RE:Rehsifylf /
strzelin - re Activist Shareholder RE:Rehsifylf / Strzelin,
225 Million really not that hard to round up. 80/20 rules applies so the total number of SH that have to be rounded up are not that many.
Correction - CLL has not been searching for a buyer - if fact they have specifically precluded anyone who wanted to buy the company from seeing the books. They have both a poison pill and standstill agreements in place. In addition, the CEO just fired three top execs for what appears to have been support of a buyout. That is anything but 'looking for a buyer'.
Trust me. Get rid of the CEO and the current BOD, let buyers that are interested have a look and tender an offer that they believe will be given fair consideration, and CLL will be in a much better place whether SH decide to sell or not.
No-one in their right mind would JV when DG is at the helm. When you have a money guy come on BNN twice and say that the debt that DG just negotiated is 'the best bond investment out there for 2012" you know that the company got obsolutley owned in those negotiations. The only explanation for that is incompetance or collusion and either way why would anyone want to JV with that.