You bring up a good point. I've always thought private equity or mgmt. would want to do this, but private equity funds are almost non existant and I don't know where they would come up with the money. I don't think Nico has a spare $130m laying around. But if he got a few of his buddies to come in on the deal, it would make sense.
I think the 60 mil, revolving credit card , may be better then Private Equity ......ACTU will pay Wells Fargo , far less.......& ACTU control their deal....I don't think,( in ACTU's case } , Private Equity , could give ACTU the Forward Plan....because , ACTU is making their own path thru the woods..
So , Private Equity , may have only been good for " money", & Wells Fargo , would be cheaper....If today is an example of how our stock will behave , then , what we have been watching before , was , traders & their games.....ACTU will most likely, stair step the stock up , with new tenders , if shares continue to be hard to get....I like it....IMHO
Who are the entities ACTU expects will turn over 1/3 of the float at this price...Most of the Big % owners bought at considerably highter prices(?) Do they report the status of the tender offer as it proceeds. Or on Dec 6th they announce it is a bust.