The NY Post and Dealreporter stories were planted. The NY Post article talked about a specific meeting that afternoon that was going to block the deal. Well that was two weeks ago, and IDTI and PLXT knows nothing of that. In fact, they are still in the process of assembling information for the FTC..."compliance with the second request expected in November". Certainly, the FTC has concerns, but why would they make a decision before the parties have supplied all the requested information? Whoever planted that info sure had a successful trade. And the NY Post journalist have lost all credibility. He did the same thing with DTG last week. Is he getting kickbacks??
It is a common pattern with second requests, wherein, a rumor appears in one of these rags
towards the late stages. The weak hands are shaken off. it may happen more than once.
So dont be surprised to see it once more.
Such tactics actually help increase the subscriptions to these services.