Insiders own 60% of the company so any bid by sketchers would have to be adequate for insiders. they IPO this at $21/shr I would expect they would want something in that ball park if Sketchers expects them to sell the whole company, which they could have done at the IPO.
Five and a quarter ... and if it wasn't for the Sketchers offer it would be lower. A wilting domestic business and an international business in a slowing Europe and strenthening dollar doesn't provide much excitement. It would be a good fit since Sketchers has the international network to make it work but I hope they forget about it and continue to manage their business well.
>>> Five and a quarter ... and if it wasn't for the Sketchers >>> offer it would be lower.
You don't get it. Sketchers only made the offer at this level because they valued Heelys as worth more. In other words, there is a market price for Heelys and Sketchers offer is (or was) that market price. Do you think you know better?