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Sunday, May 20, 2012 11:56:23 AM
"Atrinsic, Inc. (PINK: ATRN) announced today that it has decided to wind down support for its agency business following the termination of negotiations with a potential acquirer for the business.
New York, NY (PRWEB) May 18, 2012
Atrinsic, Inc. (PINK: ATRN) announced today that it has decided to wind down support for its agency business following the termination of negotiations with a potential acquirer for the business. The company, in consultation with its strategic advisors, is continuing its efforts to maximize the value of its remaining assets for all of its stakeholders."
Translated: Atrinsic will wind down their agency business after coming to terms with a potential acquirer and are preparing for the next step in the process keeping their stakeholders best interest in mind.
After all, there is no reason to negotiate anymore if you come to terms. Therefore, you terminate negotiations and if you have come to terms. You would not continue business as usual.
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