RE:RE:RE:Wait...did MT cancel his appearance on Friday? I'm not sure how familiar you are with M&A but when you are negotiating a $4 billion dollar deal it takes time - even selling a house can take a year and we are talking about a deal much more complex than a house.
Brexit would have impacted the negotiations considerably, as would have the recent price erosion. For example, even if Thompson had come to an agreement post PPS drop from $18 to $10 USD at say a 35% premium of $13,5/share that today would be a 100% premium. It is difficult to sell such a premium to shareholders when your talking about a distressed company.
So I think it highly likely that there has been difficulty coming to an agreement that values CXR fairly while providing a buyer a premium they can sell to shareholders.
Dasani20 wrote: That's so frustrating.
i'm stepping out of this dump. He's had months to negotiate a deal. You're telling me that he needed an additional week.
this stinks