Mitchell Corwin Exit Quotations

I think the offer is great for shareholders. As of the close yesterday, the stock was already at about a 24 forward P/E, so I think this represents a pretty good exit for shareholders.

They're probably disappointed in the offers that came in and they may be holding out for a higher price. Or they may be trying to do the breakup themselves, exit the underperforming markets through real estate sales and keep the operations in stronger markets.