RE:Exactly as they saidAside from the rate issue v_g, I found it revealing that QTRH has carved out the ITS businesses under a new sub, Quarterhill ITS Inc., in the HSBC loan document. Frankly I don't know what this means ongoing, if anything.
I am also wondering if QTRH may be moving up the acquisition timetable based on an assessment that prices are going to go up dramatically - evidence the Roper divestiture of TransCore at 20X EBITDA. Of course, any of these moves will be sharply enhanced with major settlements/licenses. There will be lots to absorb over the next few weeks. Buckle your seat belts!