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Archive for January 21st, 2009


Massey Acquires Sunair… We’ll Know by Monday

Wednesday, January 21st, 2009

Download Massey / Sunair LOI - 12.05.08

Download Massey / Sunair LOI - 01.15.09

At this point, I don’t know which one is crazier, the board of Sunair Services or the board of Massey Services.

The saga began in the fall of 2008 when the Special Committee of the Board of Directors of Sunair rejected Massey’s all cash offer for 100% of Sunair’s stock. Throughout the fall, Massey Services continued buying Sunair stock, ultimately amassing a 9.6% stake in the company by the end of October. (more…)


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