hint, hint... Cerberus already knows enough to know that it wants to get involved. They can smell money. They can look at the bank balance and the burn rate... and look at the real estate and look at the tax rolls to determine current market values.
Its in the process Bill. Thats what the LOI was for. FFX has every intent to close the deal. All other speculation that he will offer $7 or $6 is people who have a short position interest to protect. The man said himself he's not in the business to ruin his reputation.
You must be missing some cards in the deck bill. See, there is a potential $9 offer on the table from Fairfax (pending financing). Why would the BOD approve of a $6 offer when they have a $9 one?
because the financing isnt in place,exactly what prem wants,thor has no dog in the fight,he gets paid no matter what,in a sense this is now a private deal ...til the legal stuff starts,in after hrs we hit 7.84