I do enjoy this scenario and it would benefit all shareholders but i have to question one thing, why would the company fire Paul if they were going to sell? Usually in this scenario it would be a buyout. The fact that they fired him shows as you said "I think the board fired the CEO because they have waited long enough for returns that they are not getting" but its because they anticipate having better results with another person. The next person in this position will need some time to get up to speed and build on what the boards expectations are for the company. Therefore, if they were to sell it wouldnt be in the near future. JMHO...