That's the million $$$ question. To me, it makes no sense to open another TO unless they have a plan and expect substantial news till end of July. But I have stopped reading too much into their words and actions on the financial side. Problem is one can rationalise almost everything - small raises mean that a deal is close, not putting put more news before the first TO closed means the same etc., which was all way off.
I see it differently. Buyers are wanting the price to come to them and finally the sellers are saying the buyers need to come to them. Paulson must have interest or there would be no second TO and the owners converting now would be the bigger shareholders I believe.
There has to be something substantial coming in the next 3 weeks or the extended TO is a complete waste of time IMO. The facts available for investment decisions are the same as they were when the first one closed. If they still haven't announced the first TNBC injection, they'll be lucky to get enough to wad a shotgun.
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