to compete with amazon, Alphabet will need synergies that will give it a competitive advantage over amazon. PCLN fits very well to that.
they are due to come out with some hatchet job! lol
Singer group has been working with company on a sale, if they were not they would have already sued for a meeting and nominated a new slate of board members. I'm thinking they are waiting for annual meeting once they have a definitive in place for the sale of the stores, credit card operation sounds like its already sold but won't announce it till rest has been sold. KKR and Bass are likely bidders and going into last rounds of bidding for stores. Im thinking an announcement could come any time.
only little over a week left on them
news is due here!
upgrade yesterday by MKM partners with buy and 56 target just adds that a announcement is due
news must be coming soon!
talk has been that credit card operation has a deal and that its conditioned on the rest of the operations being sold at same time. Likely reason for it taking so long and reason for wording in SEC filing.