RE:RE:RE:RE:DepressingIf a suitor makes a firm offer, they usually include a deadline date and time on or before which the takeout target has to accept, otherwise the offer is null and void.
Who knows what has taken place so far? Lowball offers rejected by the Strategic Committee? Decent offers rejected by the Strategic Committee? Lack of clarity on the path forward and thus no decision yet from the Special Committee? Other....?
Bought out by another publicly-traded company or taken private, same process. CTS's Special Committee would recommend the offer be accepted by the BOD and if the BOD agrees, a press release would go out announcing the particulars of the deal and BOD support for it.