A flyer was sent out straight after the results announcement so they must have been working on this for a while. Interested parties will be given access to the data room in the coming weeks and should have initial offers within 30 days I would say. Followed by negotiations and selection of a preferred buyer. Then final offer. Things will move pretty quick after that. The board would have sounded out major holders for support so they can hand over majority control. PE buyers will pay between 6 to 8 times EBITDA and strategic buyers 10 to 12 times. So that will roughly be anywhere between 50 to 80 cents per share.
Alternatively there could be no interest and it just continues as is
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