Sat, May 25, 2013, 9:17 AM EDT - U.S. Markets closed
they have not announced it yet and i am a little surprised frankly. perhaps they are finally ready to make an acquisition after 5 years of talk.
i would have expected this year to be a $3 dollar special dividend. or maybe even get to buy back some of the chunky shares.
this deal is a sweetheart deal for the private equity guys. they are going to finance 75% of the deal with cash on hand and very low cost debt. in 2 years this gets flipped to a strategic.