I read the announcement and it just seems fishy. A company that traded at 1.50 just a year back has management jumping on a 1.27 offer. I don't think there's much coming to retail holders from the sale -agreed value computation for IMS. If I were to hazard a guess - I would say IMS isnt selling.
Just don't understand why management sounds happy!!!
Anyways, I got out in the morning at 1.25 with a 25% profit but some here would be making a loss.