Feb. 3 at 7:42 AM
The buy-out procedure continues, BARK retains Moelis & Company LLC
$MC as financial advisor and Sidley Austin LLP as legal advisor to assist the Special Committee in the review and evaluation of the two proposals and "any proposals from other parties".
It is also positive that BARK retains a top firm as their financial advisor:
"Moelis & Company is a top 10 ranked M&A advisor in the US advising on transactions such as Anheuser-Busch's
$61.2 billion sale to InBev, and Hilton Hotels'
$26.5 billion sale to The Blackstone Group
$BX ."
The bidding was just began and the arbitrage is already 25% with the BARK sp at
$0.85 and the second buyout offer at
$1.10.