NEWS,,,,,Monster Worldwide turns down a $10/share buyout offer.
Friday, October 5, 4:16 Monster Worldwide Talks between Monster and a P-E suitor reportedly fell apart, with Monster turning down a $10/share buyout offer. Monster closed at $8.05 yesterday, and $7.30 today. On Monday, the company was reported to be in "advanced talks" with a P-E firm.
Are you suggesting there wasn't any offer at all? Or that it was less than $10?
I just re-read the WSJ report from yesterday and it reads: "Several private equity bidders have balked at the asking price of $10 to $12 a share in recent months, people familiar with the matter have said."
From that same report, is the statement: "Deal Reporter Friday said Monster called off talks with Symphony Technology Group, a private equity company that specializes in technology and services companies."
SeekingAlpha is where the $10 story came from...."Talks between Monster and a P-E suitor reportedly fell apart, with Monster turning down a $10/share buyout offer."
Yahoo doesn't allow links to be posted now, but just go to SeekingAlpha and look up MWW for that quote.
What are your thoughts? No offer at all? Less than $10?