BNN John Stephenson on BNN staying Ithaca is a hold, not news to any of us, as we watch this low volume everyday...the buyers are in, the sellers are gone....
Interesting he, like other analysts see a likely scenario of multiple bidders, if this is the case you have to think any company making an offer would try to bid a convincing number right off the bat.
This takeover scenario could go many ways and may still take time, but the company still has to live up to its previous committments, namely a sailing date of mid-Feb.....thats tomorrow.....if the date is now irrelevant due to a buy-out then this becomes material and shareholders should be informed.....
if a NR does come it will happen when we are sleeping, all material NRs from Ithaca happen at 7 am GMT, when we in North America are sleeping....makes the alarm clock every morning exciting!