You wrote: "I believe that "quiet period" is a term applied to the run up to an IPO when a company is required to do nothing to pump up value in advance of the offering."

Are you implying/saying that the company is being bought out or that they are spinning off an IPO because of the news and them not saying anything about it?

I don't think you are saying that, but someone might get that idea. Of course I have thought a buy out is a "way out" of this drama !