What a great setup for a new bidder to emerge and then easily succeed with a bid.
Firstly our Board sells the company just when we thought our problems were behind us and blue sky ahead.
Secondly they agreed to only $1.28.
Then, thirdly they agree to a reduced price of $1.24 because the bidder (CSC) says that's all UXC is worth.
Fourthly, shareholders won't get docs for our vote for two months.
So I think that a new bidder has an easy target, with a board that has lost credibility, a bidder which has effectively said $1.28 is too high, some time passed with no other bidders emerging, and with shareholders that are now thinking of a future without UXC holdings.
Should any other company be interested in UXC, they could now certainly get it for under $1.30 IMO.
Should such a potential bidder exist of course!
Should two such potential bidders exist, then the price changes of course.
DYOR
UXC Price at posting:
$1.20 Sentiment: Buy Disclosure: Held