Monetizing this asset is yet another example of our determination to maximize shareholder value. The transaction is expected to close in October after which we have negotiated 12-months to transition out of this building at low cost two year fund. As we look for new location in the Bay area, our precedence will be to be to win a similarly sized facility around the fall of 2013. The Board and management recognize the impact of future EPS caused by ranking versus owning our headquarters and we consider alternative such as the share buyback program to offset the impact. And it goes without saying that our Board will continue to discuss and evaluate the alternatives for the company to utilize what will be even a healthier cash balance for the breadth, long term outcome for our shareholders.Before I talk with you about each of our businesses, I did want to highlight our successful Drupa show which clearly demonstrated the industry bias towards the tax players that are leading the analog to digital transformation. Our new products and the excitement and attention they generated reinforce EFI’s leadership in this transformation.
Electronics For Imaging's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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