RE:Selling nowI sold at the open. I do not think we will get an over bid. 8.6x EBITDA is a good deal and close to most auto M&A. Don`t forget that LED is a commoditized business so in my mind it is hihgly inlikely.
Harman was taken out a 9.3x EBITDA and they have better technology and their runway for growth was as appealing if not more than PIH.
There are lots of opportunities elsewhere to reinvest my proceeds.