Tuesday, December 13, 2011 8:38:58 PM
Well it's given dozens of people something to talk about for months.
But on a serious note, why would you expect benefits before a sale is finalized? Do you see any benefit after you list your house but before you get an acceptable offer? No. Once finalized we'll get the benefits.
Another benefit is for people who've sold options and allowed others to buy opions after the SA announcement.
While the process is under way it makes perfect sense for the company to say nothing in order:
a. not to jeopardize the process
b. to get maximum final value
c. avoid possible lawsuits from those who might claim that the end result did not match the mid-process statements that the company may have made.
You just have to get used to waiting - or sell your shares. An option open to anyone who is unhappy.
Don't you think Evercore and Barclays have more experience than any of us in this process? I do.
The financial incentive given Barclays should ensure that they make maximum effot to get the highest possible price for the company which is clearly in the best interst of shareholders.
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