PWCC contract with SGC cancelled???

[carlsonjok]

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

[Peter_Spaeth]

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

Brent used the word "still" maybe that was significant in context. I can't remember the HSR thresholds now, I'll have to look that up. They're fairly large though. I thought the transaction size had to be somewhere around $90 million.

[Casey2296]

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

No doubt. I wanted to get some feedback from an SGC rep in case they want to make a larger statement here or on their website.

[maniac_73]

I posed the question to Nats Turner on Twitter and he asked where I heard it so I directed him to this thread. Would be interested to see what he says.

[Aquarian Sports Cards]

Interesting response by NT...

[natsturner]

No it's not true. Big fan of Dave though

[Yoda]

If true, I wonder if the Anti-Trust Dept. of the Justice Dept., now under new management, might like to review the deal.

[Peter_Spaeth]

Good news for collectors that there is no deal. I am pleased to be wrong. It's interesting because this one went way beyond the usual hobby rumor mill or I would not have even mentioned it; I heard this from multiple well-placed and very credible sources.

[Lorewalker]

Originally Posted by natsturner

No it's not true. Big fan of Dave though

Thanks for posting, Nat and welcome. I am curious however what specifically is not true? There were 35 posts before yours with mentions/inferences of PSA buying PWCC as well as SGC. Are both statements not true, if you can say?

Blowout, which I was told you have been a member, has numerous threads about a possible buyout of SGC, over the last week and last I checked I did not recall seeing you post on any of those but maybe you were not aware it was being talked about.

Appreciate your time.

[natsturner]

Originally Posted by Lorewalker

Thanks for posting, Nat and welcome. I am curious however what specifically is not true? There were 35 posts before yours with mentions/inferences of PSA buying PWCC as well as SGC. Are both statements not true, if you can say?

Blowout, which I was told you have been a member, has numerous threads about a possible buyout of SGC, over the last week and last I checked I did not recall seeing you post on any of those but maybe you were not aware it was being talked about.

Appreciate your time.

didn't see any of the blowout ones, someone just sent me a link to this one on twitter somewhat randomly. it's not true that we're acquiring them.