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CSE Message Board

  • hbracottage2 hbracottage2 Jan 17, 2008 8:51 AM Flag

    Merger Timing

    No one else has suggested a theory, so I'll venture a guess about why CSE announced March 3 as their investor conference date:
    -CSE has already submitted their response to the OTS information request of 12/20/07 (that's the request that caused the OTS to post a new decision due date of 4/3/08).
    -They have reason to believe this was the last OTS request for info.
    -Their application is therefore final.
    -Their new (not yet published) OTS decision due date is therefore 60 days from CSE's final submission
    -They won't hold the conference before the merger closes (as they said last fall.
    -Counting backwards from 3/3/08 60 days gets us to 1/3/08.
    -CSE must have filed their response and finalized their application Wed, Jan 2 or earlier.
    It seems likely the OTS, after this lengthy process with multiple information requests, will not take the full 60 days to decide. A decision seems therefore imminent (within the next couple of weeks).

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