Originally Posted by
joshua362
Pretty standard for any public company when announcing news that can affect earnings one way or another (such as quarterly earnings or missing eanings estimates). If this "news" can be viewed as "positive", e.g. reducing liabilities or cutting costs, we are hosed. Yes, I am of the sky is falling outlook.
I strongly doubt this will have any impact on the market. To the extent there is any Market impact, I suspect it is much more related to why this is dragging on so long. Among other things, the market will expect a name for the combined program. They want to have shown some progress before the next analyst call.