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Friday, March 10, 2017 2:09:27 PM
But, the reality of the situation is that the overall scale and value of the deal was diminished with the restructuring to gain regulatory approval. No to mention all the warts that are coming with RAD following additional due diligence. It will be interesting to see what develops.
One school of thought, and I believe it is the more accurate one, is that RAD is controlled by institutions and the institutions will not want to roll the dice on turning down this deal and risk the aftermath with RAD going it alone. The other school of thought is that RAD shareholders will vote down the revised deal, fire all of its current management, and start all over with new management. That would seem to me to be perilous and somewhat of a gamble for RAD holders, IMO.
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