RE:unless they get a hostile bid Stop believing everything you read. That press release was put out by MKU, not PSP. If everything was that straightforward, I'm sure the PSP management would have happily taken the extra four cents a share, God knows they own enough.
The devil is always in the details on transactions like this. Something didn't pass the sniff test of MKU's bid, and the board opted for Med-Eng. They're bright guys who know what they're doing.
VeeP