The news is actually good. I wouldn't say great... but good. When large amount of shares are bought it is always at a discount. The price of $18.76 per share is not much of a discount. This means that the buyer has a lot of confidence in this stock.
The market doesn't seem to like it. I don't really get it either. BKD doesn't make any money off this transaction, correct? So it's not beneficial to them. Can someone please explain. Sorry, my "FinanceFrau" name is a bit of a head fake:)
The secondary by Fortress suggests they feel the value is high enough they would take some money off the table. Does anyone think they would sell that many shares if they felt the stock was undervalued. Forgot all the hype, the fact they are liquidating suggests an interesting exit point.