ignoring fake buyout talk doesn't this stock have to go to
There is somthing going on here...
RDG Capital LLC, the New York investment firm that owns a stake in Digital Generation Inc. (DGIT), is weighing an offer for the advertisement-management company, said RDG founder Russell Glass.
“RDG has been in discussions with the company regarding its potential interest in exploring a takeover bid,” Glass said today in an interview. A decade ago, he worked as president of Icahn Associates Corp., the hedge fund of billionaire investor Carl Icahn.
RDG recently amassed a 4.9 percent stake in the Irving, Texas-based company, Glass said. Digital Generation, which operates a network linking advertisers to broadcasters and websites, rejected an offer of more than $20 a share from Extreme Reach Inc., people familiar with the process said yesterday.