Buyout When this process is initiated the companies only want a friendly deal with a break up fee. This ensures they are in the drivers seat. Usually the bids will close on a certain date and then there is due dilegence for the prospective acquirer. I would believe that any hostile bids are generally doubtful unless there is companies fighting for properties and usually they will put there best foot forward sort of speak. My guess is .11 cents a share friendly deal with Legacy. i want to hear some other guesses to see what people think.
Do your own Due dilegence
Sasky