RE:RE:RE:RE:Wait...did MT cancel his appearance on Friday? Are you paid, stupid or in denial here? Give it time?? Yeah, as the CEO's margin calls on that undislosed "loan for shares" BS gets triggered and as large funds sell this thing and as it gets kicked off indexes.
"Give it time"!!!! Too bad you didn't live in a different century, you'd be the stooge on the Titantic going "give it time people, this is unsinkable"....
colt451 wrote: 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