RE:I think its probably all hype
trading was halted by the index due to abnormal trading volumes. Trading resumed briefly until the company issued a halt to address the leak. They provided minimal information as necessary. McCreath made a call to cxr to discover that the committee was formed over 2 weeks ago. It is not unusual that buyout talks are done in secret. I gave the example of Amica as an undervalued stock that woke up one morning to announce that they have been bought for over 2x share price. Secret meetings for buyout. It happens that way often. If cxr just wanted to boost sp, they only needed to announce that the company had formed a special committee. They did not until forced to. This is why I believe the rumour is true. CXR is a good fit for Blackstone or any similar investment house. Win/win.