or they are just taking advantage of the market by filling the coffers while they can, similar to best time to ask for a loan is when you don't desperately need it (as long as they don't piss it away).
also puts more stock in float for institutional buyers.
also, we don't know the price yet.
also, gives a potential suitor an additional $160m in cash
also, gives a potential partner less leverage in a deal and more confidence that they can hold up their end of the bargain.
a few bad scenarios, a few very good ones