Harrydent,
Again why would they ask for the books for another week if they were really just trying to gain intel on one of their competitors? A couple of accountants could have got all the data they wanted in a week, if that was there game.
The work that would be taking the time is figuring out all the places where they can strip Sigma down to cut costs without losing much revenue. Imo they would be modelling a range of scenario's and seeing which gives the most upside. Or it could be line ball on the proposal and they are going back to check it all again.
We'll know soon enough, but I for one won't be selling even if we don't get a firm offer this afternoon. They could play a bit of cat and mouse after all and beyond that I think SIP is way oversold. Aspen will know if they pussy foot around too much they're leaving the door open. 60c is a bargain imo.
Harrydent,Again why would they ask for the books for another...
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