Exide Technologies fka EXTC

[big-yank]

East Penn, based in Lyons Station, PA is a much smaller, privately held company. It is a very well run company and, at first blush, would be a perfect fit with Exide since it operates in both automotive, industrial and smelting activities. However, it has always been conservatively run under the Breidegam family and their hand-picked team of successors. I speculated about some arrangement between them and Exide right after the filing. I won't waste everyone's time repeating it.

Based on XIDEQ's ridiculous market cap, yes East Penn could mount a takeover offer and yes it has the resources to structure some kind of buyout. However, with ownership also comes huge debt, huge enviro liabilities and a global enterprise where nearly 2/3's of its business and revenue come from non-U.S. markets where East Penn has no operating experience and would "inherit" an overseas team with, at best, dubious credentials/curricula vitae.

I think the odds of this happening are ZERO. I think the odds of East Penn buying a chunk of XIDEQ, sans liabilities, is quite possible.

JMHO.