SpecialI agree with others that a common shareholder rights offering without tv would have worked. I think it could have raised 100 million, and that would have sufficed.
I like how no member of the special committee expressed a contrary view or abstained from supporting the tv takeover. Wonder if they could have mentioned if any special committee members resigned instead?
Who advised the board that this was the optimal solution? Raymond James and Stifler. Top shelf apparently.