This post was just published on ZYX Buy Change Alert
Previously we had recommended that subscribers tender their shares to receive $2.75 in cash in the buyout.
However, now the risk has increased. To close the deal TLB needs the approval of Pension Benefit Guarantee Corp. So far such approval has not been received.
In view of the increase risk, we recommend that investors sell their shares in the open market around $2.57 which is the closing price from yesterday.
Subscribers may want to adjust the price by a few cents as needed.
