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Spheris Auction - Inquiring minds


Posted: Apr 14, 2010

Anyone hear what happened at yesterday's auction, as to who was the "winner"?

that's the million dollar question.. - sm

[ In Reply To ..]
Spheris only got MQ to be the stalking-horse bidder so they'd have a base offer in place. That way they'd at least be guaranteed to get that $$ for the company. However, with Transcend and Nuance giving a higher bids than MQ, it makes me wonder if the court with override Spheris's initial wishes and go with one of them instead. I mean it's an auction and if it's like other auctions, the highest bidder takes the prize.

I'm actually hoping MQ loses out, then maybe they'll start concentrating more on what they already have, accounts as well as EMPLOYEES, and reinstate our 401K employer match as well as raises.

Spheris Sale - SecondWind

[ In Reply To ..]
I am praying to God that the Q does not snatch up, outsource, and destroy goodwill for yet another company's reputation.

Spheris update - wondering too

[ In Reply To ..]
I heard that the judge was accepting the bids yesterday but the outcome would not be announced until Thursday or later. Just something I read somewhere, not sure of the specifics.


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