PACIFIC INSIGHT ELECTRONICS CORP T.PIH

What is management thinking?

[riverrow]

Apparently management and insiders own about 2 million shares. This new offer is worth almost $12 million extra to them. Why are they turning it down?

[greenpasture1]

This post has been removed in accordance with Community Policy

[snootchybootchy]

Anyone know what percentage of shares is owned by management and insiders?

[retiredcf]

Might expect 10% due to the uncertainty but surprised that the SP is 25% below the potential offer. GLTA

[ValuKing]

Also very surprised at the price action today. This saga is far from over. I think mgmt and insiders own under 20%, which I think means if the Chinese company goes to tender offer at their bid price, it would have a very good chance of being successful. Let's see how soon we see a PR from either the company, chinese firm, Methode, or even another third party!! Great risk/reward with the sp

[riverrow]

From their Aug 1 news release: "The directors and officers of Pacific Insight representing approximately 29.1% of Pacific Insight's outstanding shares"

[Retiredceo2016]

The past two days have been very interesting to say the least. Management is recommending that the shareholders accept the 1st deal but the 2nd deal is significantly higher. The 2nd deal has more risk associated with it. To help me understand the risk level; I would like to see the 4th quarter and year-end financials before I cast my vote. If we, as shareholders, push for the more lucrative 2nd

[ValuKing]

Let's put ourselves in the position of the Chinese company. We've submitted an unsolicited bid for a company that has already agreed to be taken out by a competitor. The company's board says no (probably because of the fear of being taken over without negotiating qualitative terms with the acquirer). Now the Chinese company has to be pissed off, as their bid is over a 30% premium to

[deleuze68]

I went through the same thing with PSP.V in December. They received an offer for 21 cents and then 2 weeks before shareholders voted an unsolicited offer from an Indian company came in at 25 cents. The difference then is that the board of PSP kept prolonging their review of the 25 cent offer until finally the day before the shareholder meeting they announced it was not superior. Shareholders ended

[snootchybootchy]

Do not underestimate the risk in obtaining the regulatory approvals required for a foreign takeover.  I owned T.NRG when we got taken out by a Chinese company at a 160% premium.  But the share price continued to trade at a pretty significant discount (up to 15% at one point) beause of the uncertainty and lengthiness of the approval process (primarily from the US side).  If PIH

[ValuKing]

PIH is in a commoditized business. Nothing proprietary. Someone the other day here mentioned NII - that's different because of the nature of working with government business. This is totally not similar and a commoditized business. I'd guess we'd handily get regulatory approval.

[greenpasture1]

This post has been removed in accordance with Community Policy