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Given what is publically available, it is very difficult to know what is really going on. But if you look at both what kidchicago and I pointed out, it might indicate that the buyout group thought this process would move more quickly. I would hope that mekong’s explanation of this taking longer due the special committee not just taking the initial offer is right. If they are negotiating, it would explain why this is dragging out. Of course, the special committee could just be moving slowly to give the appearance of negotiating just to cover themselves from lawsuits.

I think that once we do have an accepted offer by the Board, the deal will still take another 2-3 months before it will be finalized. This is something to keep in mind for April options holders. I have both April and July calls and depending on when the offer acceptance is announced, I may sell my April options on the pop from the acceptance announcement and hold onto my July calls as the pop will probably still be a discount to the go-private price.

Since full-year earning will be announced in about 2 weeks, I also don’t think we will hear anything until after the earnings are released.
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