OC, if POET is best in class at making shareholders wait, then that is one hell of a crowded class! I do not find the timing of the NR's to be out of line with other reporting companies.  But if one is on the board constantly, like many of us (certainly I'm one), then it does seem longer.

I think they need to disclose the name of the buyer, otherwise a shareholder's vote is not fully informed.  For example, if the buyer were some fly by night with limited finances or suspect management or reputation, one might not vote to go forward for fear that the flakely buyer will back out.  I guess there may be a way around it, "we are being bought by a well-known company that has X billion market cap and earnings of at least ___ per share or cash of X billion dollars."  But I think we fool ourselves to think that our transaction is so pivotal that such secrecy is necessary.  So they have to disclose the name, and if it's a private company, they'd also better disclose their financial wherewithall.