SODI adopts a poison pill under the guise of an NOL preservation plan. A useful and common negotiating tactic for company management to deal with a hostile bidder. However, in this case, SODI is a micro-cap company with a cash burn rate issue. Poison pills are not usually top of the list of management priorities. Suggesting something is afoot.
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New SA Article on NJR / SJI Merger Speculation
New article on New Jersey Resources / South Jersey Industries merger speculation. Most likely outcome, if there is any deal at all, is a low premium merger-of-equals. A 30% premium, 50% stock / 50% cash deal is also possible but requires some transaction structuring and extensive merger due diligence
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