The offers are characterized by our sources as being "in the $5 to $6 range," which is well below what the company could have fetched earlier. Or before that.
According to one investor who claims to have talked to Koenig in the past month:
"I asked him twice about the offers being made and he twice he confirmed that, 'Yes, we have offers as a part of the strategic alternatives review process.' He would not elaborate as to the structure of these offers. He also said that 'more interested parties have emerged now when the stock price has come down.' "
A call to Carrier Access to ask about the conversation wasn't returned.
The bad news? Shares of Carrier Access are down about 46 percent year-to-date. The good news? Apparently, more suitors line up as the share price plummets.
Wall Street analysts have the company losing $1.03 a share on revenues of $32.6 million this year, according to Thomson Financial .
— Phil Harvey, Barely Managing Editor, Light Reading