Bummer this news had to come out today when the market is tanking. I'm a little worried that this is a month or two too late given recent hedge fund trouble in lining up financing. Still, it is a solid company with good propects. I'm going to see what comes of it. If I can ring the register at $50 it will be a sweet sound.
That SRZ is getting its finances in order and is considering putting itself up for sale should have caused the price to pop today. Instead, the price is below where it was just a week ago. I do not get it.
We were up strongly in afterhours, but as you can see that price did not hold. I'm a bit surprised by that given the momentum to sell the company. My guess is that the lawsuit disclosures tempered the buying side a bit. Once folks realize that there will likely be no impact to the company itself (can't say the same for Mr. Klaassen), then I think we'll continue to go up.
I would not be surprised to hear there are multiple companies/vc funds already lined up to submit bids. I'll be looking for a buyout price north of $50/share.