|
gttouring, the holdup on the buyout is that a bunch of steps hafta be taken. Gentilozzi said the OWRS proxy statement would go to the SEC for review this week and they've asked for an expedited review. If the SEC finds things in it it doesn't like, it gets kicked back for modifications. It then goes to a vote of the shareholders for approval. If the shareholders don't approve, the deal's off. ANd Vannini still lurks with his lawsuit threat that could delay the entire process. This isn't the slam dunk that some are predicting it is.
|