I would expect an update on the going private transaction by the end of the week (latest). After months of deliberations since the stock has been halted, I am assuming the Special Committee will either (1) accept the deal (hopefully not), (2) reject the deal for being too low (my preferred scencario), or (3) have a new negotiated take out price with a quick timeline to close (the most logical scenario).
Any delay from hereon in seems ludicrous. Why would the Board/SP Cmte, want a lame stock where people have begun to ignore the prospects of the company and instead concentrate on the going private transaction? There is no reason to delay any further. The last piece of the puzzle was put into place with the restart of trading this morning. We have already missed the huge bull market during the last 8 months. Let there be no further delay!!
Special Committee between a rock and hard place they do and will/or NOT still work for Mr Wu after the buyout has been completedSo its a vote for my offer or lose your job. When all is said and done I still think Mr wu offer should at least match cash on hand Jan 2014 after all AC have been collected. How many companies get bought out for less than cash on hand at the time of buyout ?