You just don't go to Chicago to announce bad news. WHY. Doesn't make sense. Unless the terms of a merger are not in the best interest of common shareholder?
This seems like a chance for the BOD to redeem themselves by proudly announcing some great news. By being part of a something great. Considering how much they have been paid over the years, it would be nice if they could pull this off and exceed expectations for once.
I am sure many of us our sniffing around Baronni to see if we can get any clues as to what is going on.