After weeks of speculation that a suitor may appear for TIBB, a financial institution based in Naples, FL because of shareholders disappointment with present management, under-performance of the company and share price. The street chatter is that Minneapolis-based businessman Richard Christenson and associates have been lurking in the background and possibly accumulating stock in TIBB. Christenson, a deep-pocketed financier and well-known shareholder advocate has a reputation to apply pressure on management to create value.
Our take on this news: Christenson might be management's best friend or their worst nightmare. Either way, we suspect the real winner's here will be shareholders.
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