BIH Corporation (fka BIHC)

[slazenger7]

Actually carp, the buyer originally thought Baron's was worth as much as 23 cents a share. Then the price was negotiated to an even higher number based on a significant increase in Baron's revenues and client base. Galo and the Board of Directors felt that even at the renegotiated higher price, Barons was still worth more.

"Further, it also became apparent to the Company and its Board that a re-negotiated higher purchase price (Based on a significant increase in Baron's revenues and client base) from the initial offer by the proposed purchaser would not be acceptable to the Company."

http://www.prweb.com/releases/2008/12/prweb1719544.htm

.