Thank you kindly,
Geoffrey
NBLY has received a go-private offer from its largest shareholder (holding 50%) at $20.50 per share. It is a bit surprising on one hand, as the company has only been public for about 27 months (IPO at $17). On the other hand, with the market weakness and its share price decline, the stock was not getting any respect or valuation bump. Insiders see a long term opportunity here that public shareholders do not see, or at least were not willing to pay up for. The premium is decent vs recent prices, but not really that great. Shares were $25+ earlier this year. With one shareholder at 50%+, we do not see any third parties coming in here. No other shareholders own more than 7%, and it will need minority shareholder approval. We doubt the takeover price will need to be raised here to get this done, but there is always the slim chance it does. Thus, we would hold, seeing this (now) as a low risk stock in a high-risk market.