.....It is very unfortunate that the press release was worded in such an one-sided, and possibly unflattering way to ATXI.
.....The problem with such negotiations is that the "other" party needs a period of time in which to "sell" their shareholders, employees, vendors, customers, etc., etc., etc. Obviously, this press release took away any quiet time, during which they could successfully conclude these internal negotiations.
.....It is possible that this untimely release, worded as it was, may have torpedoed the merger. Egos, on both sides, need the respect of polite negotiation, without being usurped by press releases. Timing is everything.
.....ATXI shareholders could have gotten out, in the past two trading sessions, with a tidy profit. The merger negotiations could fail, and they could buy back their own company for pennies on the dollar. |
