DISK deal in trouble
Well, DISK’s press release today does not sound good:
“Representatives of Nyx … have requested additional time to finalize its financing for the transaction. Image’s board of directors has indicated its willingness to grant this request for approximately two weeks if Nyx satisfies certain conditions. Image has informed Nyx that it is reserving all of its available rights and remedies under the merger agreement in the event the acquisition does not close, including termination of the merger agreement and the collection of the business interruption fee.” (source)
Gotta say, this looks like the deal is not gonna happen. I am out at $1.34/sh. Another loss for me! Number crunch to come later.

Leave a Reply