If I remember correctly there have been two takeover bids for SAT in the past few years. Both made by Eastpack.
Believe latest bid was at ~$1.25 / share and was about to close but then PSA struck and Eastpack withdrew till they worked out the consequences.
Prior bid was by Eastpack in 2006 or 2007 and I believe in the $1.40 - $1.50 range / share and Satara rejected it I think - dumbarse board back then? Board looks like its been almost fully changed since as a result of insto shareholder agitation.
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