If there is any deal to be done it will likely be at a very low valuation (given market conditions), therefore management will likely focus on a CR (most likely debt) and “kick the can” down the road until conditions improve.
I’m betting “No Deal” for at least 12 months and if any global companies were interested….they would only be prepared to pay no more than $500m or so (given compatible sales and uncertainty surrounding elections).
So it appears to be a tug-a-war between what management is prepared to accept and buyers are prepared to pay, and given high expectations by management……No deal is likely to be in the pipeline for sometime.
In the meantime …the CR will allow management to pay some bills (personal or otherwise)
