This is a fairly ignominious end to the company given its once-promising beginnings. This deal is better than a bankruptcy but it really doesn't say much when a company with a 30 cent share price takes you over.
As a former shareholder and one-time Vineland resident, this deal strikes me as an admission that the post-Gallo mess era was not all that promising. It seems that spinning off Novamax was, in retrospect, a bad move, but other bad moves intervened.
Whether or not the deal goes through, investors will probably have had enough. I don't think SNTK is much of merger partner...this is a marriage born of semi-desperation.