“There's a belief that the company is going to miss the consensus [earnings estimate] in a big way. It has certainly been a difficult tenure for Dale, but you have to give him the benefit of the doubt - he was dealt a really tough hand by David [when Morrison took the helm in 1997].”
“Given the risks related to closing the deal, they are probably pretty comparable. A better situation, in my view, would have been $26 per share in cash on the table.”
