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ValueActivist

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ValueActivist

Re: None

Tuesday, 03/14/2017 5:31:28 PM

Tuesday, March 14, 2017 5:31:28 PM

Post# of 728519
IMO, this is being done as a CYA maneuver. I think they are hamstrung by the redemption provision on the preferred. Why would any seller accept an offer knowing that in 9 months, the cash could be gone? They will be forced to re-negotiate the terms on the preferred or buy out the preferred holders that want the money back.
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