RE:5.43It's the best offer we had until today, the CEO did well to wait and reject Montclair's $4.85. If Montclair think this is a low offer, like we do, then they simply can offer more.
The board can't reject an offer higher than $5.43 with the same terms while they accept that $5.43 is good. It's Montcair's opportunity to acquire the company with board's hands tied up. Will see sonn I guess.