This was coming for a long time, I shorted and covered but did not go long. This company was pretty much BK, so it's a fair deal for the clowns that originally bought it, I doubt that this was a profitable business transaccion for the equity firm, and another dumb move, remember they rejected an offer of $3.00 per share recently, and now they take $2.75? For Massey it could be a profitable business acquisition, but they will have to execute. As you can expect there will be plenty of consolidation, and reduction. No need to keep Middleton's corporate office, should be the first one to get eliminated, IT, accounting, HR, fleet, etc. No need for auditors, consultants, directors. Massey made a decent business acquisitions, for SNR shareholders this was a disaster, as well for Middleton employees that now will be out of jobs.