second page!, page-4

True enough sathyath but!

The 9.8 million options that fall due in about a month may have been weighing on their minds.

Normally management can find the money to pay for big parcels of options by selling off a percentage of the shares.

In this case they would have to find $4.9M from somewhere.
If they rejected this bid, and the price plummeted they would be a bit hamstrung in trying to make good on the market.

With the bid in place, they can exercise the options and immediately unload for a rough and cool $10M profit.

Perhaps a factor, perhaps not.