Much better if they do NOT do a special div. That will only be a wash in share price. Look at what AOL did with the Dutch auction share buy back. That would be much better for shareholders. Actually they should just sell the whole company ASAP!
I agree with your thoughts and an outright sale---My suggested price is $ 24 per share--but we have seen over time that this asset gets "No respect"-----I'm seeing some price appreciation today which find positive and maybe,just maybe, a benefit to us shareholders---Why am I interested? approximate 10,000 share holding which has produced little overall $$$$$ benefits---so either a dividend or buyout is in the cards for me