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Emmis Communications Corp. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Dec 3, 2011 3:23 PM Flag

    Dutch

     

    Here's the link for anyone following this thread: http://sec.gov/Archives/edgar/data/783005/000095012311101548/y05335exv99waw1wi.htm

    The likelihood (IMO) that Emmis, upon controlling at least 2/3 of the preferred vote, will ram through some deal that is really, really bad for the remaining preferred shareholders convinced me to take $15.60/share and RUN. The very language you quoted is IMO a warning that this is going to happen. I think that it really will be that bad for remaining preferred shareholders. Is this "fair" IMO? No, but if it's legal, I guess it's OK from the point of view of Emmis. I think that there's a moral compass missing somewhere and that should the interests of some party intending to acquire Emmis diverge from those of the common stockholders, it's going to be "uh-oh!" time for them.

    This topic is deleted.
 
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