RE:RE:RE:RE:RE:What is management thinking?Let's put ourselves in the position of the Chinese company. We've submitted an unsolicited bid for a company that has already agreed to be taken out by a competitor. The company's board says no (probably because of the fear of being taken over without negotiating qualitative terms with the acquirer). Now the Chinese company has to be pissed off, as their bid is over a 30% premium to the existing bid. Mgmt makes some excuse that it doesn't qualify as a superior bid when some would argue it does as financing is in place and the Chinese company has written approval from 2/3 its shareholders approving the acquisition. My gut says PIH is scared of the possibility of being taken out by a foreign company and their jobs and salaries cut. Didn't the Chinese company have a sentence in their press release saying how they recently acquired a company and let existing mgmt keep control of the day to day? I suspect the two parties haven't even bothered to try and negotiate. The Chinese have lots of $$$ that's a fact and I think this can get pretty hostile pretty quick. Someone should do some due diligence into the possibility of strings attached between PIH and Methode given how things are unfolding. In my eyes, at $19.25, we are risking $0.75 to make $5.1....a risk very much worth taking. Someone should remind the Board of their fiduciary duty to shareholders. They're opening a possibility of a whole can of class action lawsuits by reacting the way they did. Ding ding ding...I smell round 2!!!