They will soon have $75 million from a rights offering that ended monday.
If I recall, he has a 9.5% position from Nov 2012.
UNAMs current marketcap is $62 million. So the $75 million should be sufficient to offer a premium for the 90.5% he does not own.
BHs adjusted average cost for UNAM is $10.855. Thats adjusting for the $1 dividend paid 11/28/12.
Cant imagine he could buy it for book value but maybe $14.50-15 ?
Total Cash Per Share (mrq): 17.73
Book Value Per Share (mrq): 13.21
I guess if they were going to make an offer, they would have by now.
I wonder if BH is interested in AAME ?
No deal apparently.