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The Q2 results MD+A filing also says "takeover interest..."
posted on
Aug 13, 2009 09:07AM
Takeover or Sale of businesses
Here is a full copy of the relevant discussion from the MD+A:
During the second quarter of 2009, the Company received an unsolicited expression of interest from a third party. As a result, the Company’s Board of Directors established a Special Committee of the Board to consider and evaluate the Company’s strategic options. The Special Committee engaged a financial advisor to assist in the process. Second quarter legal fees, financial advisor fees and Special Committee fees related to this evaluation were approximately $100,000, exceeding similar 2008 related costs by $42,000. The Special Committee continues to evaluate this expression of interest and the Company’s strategic options.