Hoghead - Don't they have a legal obligation to the shareholders to release this information? If any offer is tendered on our company, this seems to be material information by definition? I can't see them keeping this on the down low. They can reject it sure, but not tell?

This is a fair question...from my experience the answer is no, they dont have to tell. I work for a mid-cap oil and gas company and have been through a sales process. All negotiations were silent. I found out after the fact that a few lowball offers were tendered but not accepted by the board of directors and executive. To this day I still have no idea what price per share was offered.

911