If there were better deals to emerge then LNGL wouldn’t have agreed to this:
”The BIA includes “no shop”, “no talk” and “no due diligence” restrictions on LNGL as well as notification and matching rights in the event of a competing proposal.”
And if a better deal emerged then the board wouldn’t have endorsed this one as the best they could do.
I understand where you’re coming from but the fact is they have botched everything else, so yep they have botched this and are gonna botch this.
Heck they could’ve sold the company for $400m just a couple of years ago.
