Apr. 22 at 6:00 PM
$PZZA (
$KODK and
$EDSA)...
$PZZA... buyout IMO to be finalize over this weekend ... to be announced Monday or before April 30th...@
$49.50-
$55.00
Too bad you are short @optionwayismoneyway!!!
Look at 50% potential in
$KODK and
$EDSA....MEANWHILE:
The April 30th SH meeting is not just a formality this year; it is the ultimate deadline for the Board to avoid a public confrontation.
Simple Majority Vote: As noted in the Proxy Statement filed on March 26, the Board is actually proposing an amendment to move to a simple majority vote for bylaw changes. While intended as a "shareholder-friendly" move, Irenic Capital can weaponize this immediately to force a sale if the Board rejects the
$49.50 offer.
The "MOU" Window: Typically, in these scenarios, if a "friendly" deal is going to happen, a Memorandum of Understanding is announced roughly 5–7 days before the meeting (which would be late this week or Monday morning). This allows the Board to walk into the meeting with a "victory", not a fight.
