Assuming the buyout rumor is true, I surmise that the companies, along with their respective armies of attorneys, investment bankers and accountants, are putting the deal in final form. For example, price, structure, tax consequences, respective roles of managements, buy-outs, sales of unwanted sections of ASND, head-count, public relations, checking with existing client base, etc
Darrell,
I would agree, and my gut says that something was wrapped up by noon today E.T., afterwards everyone broke up and went back to their respective businesses, such as work and/or checking their emails and/or posting emails etc.
However, as much as I am in favor of the acquisition theory (tomorrow and 12/11 are the key days), it is important to point out what Ashby said, namely, that ASND had not hired an investment banker. I'm trying to figure out how an acquisition could still be in the works without such an entity having been hired but fact is, he reportedly did say this. Just need to deal with all the facts.
Gary Korn |
