The deadline for closing the Grupo Radio deal has passed, so the price has increased from 85M back to 110M. According to the 8K filing both sides are still in talks but a snag developed in raising the financing for closing the 85M deal.
Was the sell-off an overreaction? Could the factors want to see how the situation with the preferreds comes out before they commit the money? Seems like this could be an opportunity to load up and get a decent 30-day return.