I consider this is indeed a no-samll step progress toward buyout especially under big turbulence of inside trading. The "delay" is understandable. It looks they just walked out such shadow and at least have some preliminary financial arrangement so they can hire Barcley to evaluate.
One thing shorts hate is getting caught up in a buying rally after an earnings announcement. Expect to see increased volume today as they run to cover. This deal is going forward. Barclay's will most likely underwrite and eventually upgrade the stock.