Another PossibilityWhat do you think is the most likely outcome for Converge? Will someone buy it? The company has received 'expressions of interest', implying more than one interested party. This implies a takeover, but it comes down to price. With a one-year high of $12+, we are not sure a buyer is going to to be willing to pay up to that level. On the other hand, we doubt the Board will really entertain offers that are below $8ish. Thus it may become a case of how strategic a potential buyer views the company. At 12x and 0.3x sales/earnings now, many buyers 'could' pay up, but they need to justify it, especially with a looming recession. If there is no takeover, a management privatization is another possibility. There is still plenty of private equity money around that would help finance a deal. (5iResearch)