Shamrock, which had characterized the price on the GSO deal as "grossly inadequate," has already nominated two people to the company's board of directors and shows no sign of letting up on management even after the buyout's demise.
It's been pretty much downhill for Reddy since it agreed to be bought for $31.25 per share (only a 9.6% premium) back in July 2007. The stock was under great pressure for months as speculation that the deal wouldn't close ran rife for months, eventually driving it down to a trading range of between $21 and $23. Since the deal was canceled, Reddy shares have rebounded, closing at $24.78 on Tuesday. - George White
See story from the Associated Press
See story about Reddy-GSO deal see TheDeal.com
The $1.1 billion 
