“They've got the takeover defenses to make this a very long process or very impossible. But the kind of offer Obsidian made --- a high dollar amount -- you can see that they're not in this for a three-year battle.”
“They've kind of acknowledged that Obsidian has got a pretty interesting strategy. The whole conversion into a REIT would be in jeopardy, which means taking this offer might be the only thing they can do.”
