The time to get a reaction of Arrow, leaves it open to all sorts of innuendo and guessing. Here is another one:
S/P make an informal low ball offer, as they did. The real much higher buying price is already known to Arrow before the offer became public. They are now all silent to see if another bidder shows up and if not Arrow will come with a revised and pre approved offer and recommends to accept.....
AOE Price at posting:
$5.26 Sentiment: Buy Disclosure: Held