Fri, Jul 25, 2014, 7:07 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Harbinger Group Inc. Message Board

  • no_schlock no_schlock Sep 24, 2010 10:46 AM Flag

    Better than Glazer criminals

    While a minority shareholder can never be entirely happy with a majority shareholder that self deals itself a discount on cash (HRG had ), I still think this represents a decent deal at current prices. Pro forma for the transaction, HRG will have 140MM shares outstanding. With 27.8MM shares of SPB @ $26.60 per share, that's $736MM, plus HRG's existing $140MM cash, that's $876MM / 140MM = $6.25 per share. While I don't get the purpose of this (for all practical terms) public-to-public SPAC, it's better than I feared - getting stuffed with HRG's white elephant of a wireless buildout. While I have only read a the last K and a couple of Qs, I actaully kind of like the SPB story.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
HRG
11.84-0.06(-0.50%)Jul 25 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.