The truth
The latest news (read: rumor) is that the merger hinges on stock price.
This tells us one of two things (if true):
A. Glenn will not cave on price, meaning this was all BS to manipulate stock price. (Notice he sold $1.6 mil whe nit hit 23.)
B. Glenn is just playing hardball for show...to make it look like he gives an f about the shareholders value. (We know Glenn is for merging at all costs)