Superior offer to shareholders Word is they will offer .50 cents a share.
The Board is currently engaged with a party that has submitted a proposal for a transaction that places a value on the Company that is greater than is reflected in the Nuri Offer. The special committee of the Board is working to ensure that the alternative proposal can effectively be consummated as a transaction that provides superior value to shareholders and expects to provide an update shortly -- well in advance of the time of expiry of the Nuri Offer.
"a party that has submitted a proposal for a transaction that places a value on the Company that is greater than is reflected in the Nuri Offer. "