Some people connected with the deal feel that it would go through. I am pretty negative.
If institutions are their main investors, they probably will vote no. There are people in the trade talking about re-circulating shares, as a remedy. They need to find enough people to replace the current investors. Also, it depends on how you call it a success. If when everything is said and done, they get about $20 million, can that be called a successful M&A case?
