tag:blogger.com,1999:blog-7294165939647321702.post5452945463890808994..comments2024-03-11T10:31:06.107-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Take UNDERSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7294165939647321702.post-63471488631772673532010-03-11T16:56:55.977-05:002010-03-11T16:56:55.977-05:00There is a clause in the merger agreement that wil...There is a clause in the merger agreement that will allow Jones to back out if there is an unsolicited bid. Hypothetically, there could be a bunch of other companies that have looked at the company (a la Big Red), and the Jones team is trying to get them to hurry up and make an offer.<br /><br />The company seems like a really good fit for DPS, in my mind.jeffhttps://www.blogger.com/profile/17760356835994559641noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-76446669329282858742010-03-11T12:09:16.785-05:002010-03-11T12:09:16.785-05:00Both when this company was bid to around a 100 p/e...Both when this company was bid to around a 100 p/e and now when the officers have agreed to let it be taken over for next to nothing seems just crazy. Unless there are a lot of contracts stopping liquidation I don't see why it shouldn't just be broken up. Jones had been shelling out a lot for inventory and maybe it can't back out. This is very not cool from an owner viewpoint. As the article mentions the lawyers seem to already be gearing up.Zacharyhttps://www.blogger.com/profile/02704669959908113190noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-12415461040299267412010-03-11T12:00:38.562-05:002010-03-11T12:00:38.562-05:00I've been interested in Jones for a bit. It wa...I've been interested in Jones for a bit. It was crazy when it was bid to around a hundred p/e and this agreement is crazy too. The lawyers were in fact gearing up to sue almost as soon as the thing was announced.Zacharyhttps://www.blogger.com/profile/02704669959908113190noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-14166960185738215532010-03-11T11:48:23.121-05:002010-03-11T11:48:23.121-05:00That happened to VXGN a few months ago.That happened to VXGN a few months ago.Anonymousnoreply@blogger.com