He made an unsolicited offer, the board didn't even want him to buy it and explored a bunch of options to prevent a hostile takeover, so he kept pushing, then t

He made an unsolicited offer, the board didn't even want him to buy it and explored a bunch of options to prevent a hostile takeover, so he kept pushing, then they said fine, and then the market turned, and then he started walking it back trying to find any reason to back out, but eventually couldn't. This was 100% a self-inflicted wound.