I think they are just hoping for a deal that includes ongoing employment. Remember, that there are also the interests of management and employees. Shareholders have historically taken a back seat to those interests. Hopefully the stategic alternative chosen makes everyone happy.
That seems to be standard fodder for companies who shop themselves around for a buyer.
The fact the news release read "evaluate potential strategic alternatives" leads me to be believe the company is not for sale and they are looking for a partner. Am I interpreting this wrong?
israt...here's their exact words in their original press release....
Directors has initiated a process to explore and evaluate potential strategic alternatives for the company, which may include a sale or other transaction.