ann - management buy out of europe business, page-15

My take is : If Hurley is part of management buyout of essentially DUKE. He sees value in assets that are written down to near nothing. This is good.

We shareholders are not aware of the facts preceding this proposal but it is obvious that Hurley was aware of this well before he stepped aside declaring a conflict of interest. This is bad.

It seems he is staking his future with VPG on this deal going through so IMO should resign now so the board can be seen to operate impartially and on behalf of the Company.