Whats the view on this? In my opinion, DG has either struck up a deal that satisfies Meruelo, or will pursue a more patient approach of turning around the company's bad fortunes over the next few quaters, wil Clintons support, and Meruelo has thrown in the towel,,,
My opinion is that either a deal is imminent and DG and Clinton have convinced Meruelo not to screw it up OR there is a longer term plan to sell that they've sold him on. But something is going to happen because I don't think he would have backed off with his demands....
Meruelo wouldn't "throw in the towel." He would denounce the board publicly, if they were abandoning the sale process.
I still believe Meruelo's and Clinton's "going along" means the company is going to be sold. My guess on the initial bid amount: $14.25
Risk: The trading discount seems almost "too good to be true"....and one wonders whether that means "somebody knows something" (that no deal is going down). But I tend to think it's just that the arbs haven't been playing this name....despite the opportunity.