It depends on what the break fee is, if it's just a few million...

It depends on what the break fee is, if it's just a few million and someone comes over the top with a higher bid worth another 10c/share then GE can either elect to match the bid, or let IDL walk and collect their break fee.

considering the SP history 1.27 doesn't seem like a price that management would be jumping up and down about (unless they think that their market is about to completely tank)

I agree with this. Again, using the ESG analogue, it turned out management knew their company was in deep trouble and that a Santos buy-out was the only hope. We only found out much later after much complaining about the board on HC and how they could sell us out so blatantly.

The guidance update by IDL today certainly shows they aren't likely to achieve the growth everyone was forecasting but it doesn't, at face value, suggest their market is about to tank completely.

There is more to this than meets the eye. I think overall the company would be much more efficient under GE but that's small consolation for those of us who stand to do not much more than break even (or for some holders even make a loss).

The one possible shining light on the horizon is if they manage to sell IMS for a decent premium. That could result in a slightly higher payout to shareholders.

Can anyone make a reasonable estimate of how much IMS might be worth per share? It seems that GE will get most of any sale price anyway so the benefit to holders will probably only be a few cents per share.