It seems a sudden decision to recommend this offer. The board could have said this is the offer but unanimously do not recommend acceptance. My question is why?What could be the reason? Balance sheet strength? Cash flow? Technical expertise? Economies of scale?
I remain perplexed as to why a board has would do this in an environment where they are getting tail winds from favorable pricing. Where are the weaknesses her? Is it risk related? People related? Operational? I am legit confused.
