Joel Wagonfeld
Joel Wagonfeld
lead management oppose presumably though
Many influential insiders now oppose the deal, even though terminating it would presumably lead to management changes.
analysis deal favor highly intention light order percent publicly roughly view vote
Our analysis suggests that roughly 67 percent of institutional shareholders would need to vote in favor of the deal in order for it to pass. We view this as highly unlikely, particularly in light of Walter Hewlett's intention to publicly solicit proxies.
believe businesses departure despite direct headway inability likely lower related
While characterized as voluntary, we believe his departure is likely related to Gateway's inability to reinvigorate its professional and direct businesses despite significant headway in retail, which has lower margins.
expect further running
Expectations are running high. Nevertheless, we expect ... further appreciation.
businesses departure despite direct headway inability likely related
His departure is likely related to Gateway's inability to reinvigorate its professional and direct businesses despite significant headway in retail.