It's Meridian's willingness to agree to the extension this far out from the June deadline that has me puzzled. Was their early sign-on sweetener (if there was such a thing in their BTA deal) at risk if they delayed the extension agreement? Could Meridian (or others) be looking to pick up (more) shares at a lower price, if they expected the SP to drop following an announcement such as this?
Why would Meridian agree when there is still 5 months to go on the original agreement? I'm baffled!
It's Meridian's willingness to agree to the extension this far...
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