Sep. 29 at 1:47 PM
$OMI According to mgmt, they received interests in acquiring the Distr business no later than last February. Presumably these people indicated a value that was compelling or why even mention it. Its also hard to imagine these parties were from outside of the current universe of players, too many bariers to entry. Therefore, we are to believe that interested parties from the industry need 8 months to put an offer together? huh? Its just not believable. I think Mgmt better be careful because it sure seems like they are playing fast and loose with the disclosure rules. They put this segment in DisCo Ops which means they are committed to exiting it. They did this without a transaction imminent? Huh? It has to either be some of the gravest stupidity ever or sheer negligence. Someone wake up the BOD.
