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Emmis Communications Corp. Message Board

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  • quintet_newman quintet_newman Nov 15, 2011 3:50 PM Flag

    3% Holder Supports BUYOUT!

    So he filed suit against the 2.40, but now would sell at that price. I am sure he would, because EMMS will not get there again. The EMMS preferred deal the other day tells us this.

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    • Just the opposite, actually. The EMMS preferred deal suggests that there will be no " lock up group" to stop the CEO from getting a transaction through, if he wants to.

      I personally believe, with the stock at 89 cents (still drastically depressed), and the financial picture for EMMS rapidly improving, if we stay down here, the natural incentive would be for him to seriously reconsider making another going private bid. the reason being, I would suspect, in his own mind, he would see these assets as worth the same or more to him, than they were 1 1/2 years ago, when he made his bid...even if the Street is valuing radio assets at dramatically less.

0.50+0.0200(+4.17%)Feb 12 3:59 PMEST