RE:Why do this deal? Because there’s anotherBosstrade, this is also what I expect to happen. They have been talking about freeing up the unrestricted cash balance and have finally done so with the Hangingstone deal and now this one. The $265mil cash on hand goes a long way towards a leveraged buy out. The stock price action in the next few days may be an indication.
bosstrade wrote: Would have to expect that you sell capacity because the company your merging with doesn't require. Which would make it an excellent deal. Money in the bank then merge. regardless of our speculation, there will be another announcement soon. They didn't do this deal just for a few bucks.
this will make the shorts nervous