RE:RE:Nice spike todayThanks! I hate when news comes from journalist articles... Somehow the retail folks are always the last to know. As opposed to a formal PR.
In any case, this is great news for longs... The way I see it is that Catalyst will try to come up with their own bid. If it works out, then we get competing bids and it would be the best imaginable outcome.
If Catalyst doesn't manage to get support from financiers, then I would expect them to change their mind and possibly tender.
Just makes the downside more unlikely.
I hope they've approched Berkshire in their process... If the RE has the actual value we all think it as, I'm sure Buffet would be all over this.
Maxmoe wrote: News out that Catalyst is working on a competing bid. I doubt we will hear anything until after the vote fails. In January, which is barely over a month away believe it or not, bakers shareholder agreement that locks up his co-conspirators expires. They will then be free to jump ship, boot baker, and support a better deal for all of us. (Except baker).