Originally Posted by
JohnnyTheHorse
Immediately backtracking would have the worst looks. They have seen shareholder reaction (although major holders may have different views), so I suspect they give it till Friday or Monday before announcing they have completed due diligence and it didn't stack up. That way it looks like they had an idea, but were smart enough not to proceed as it didn't quite work. Not 'we think we had a great idea, but folded immediately due to shareholder pressure'.
Also there's absolutely no way Jarden will comment on confidential negotiations, so not sure why people are surprised there's no comment from them.