Clearly, this offer must have been rebuffed by MBND as Unitek is not a strong player and the tentative offer was only partly for cash. Unitek stock is not, in my opinion, a sound investment. See excerpt below:
To that end, I am pleased to advise you that UniTek is interested in pursuing a merger transaction with Multiband that would value Multiband at a price of approximately $4.50 for each share of outstanding Multiband common stock, with shares of Multiband s outstanding preferred stock included on an as-converted basis. The price would be payable in the form of cash and stock, with between $1.25 and $1.85 per share in cash and the remainder in UniTek common stock.