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Focus Media Holding Ltd. Message Board

  • my_honest_opinion my_honest_opinion Aug 14, 2012 2:00 PM Flag

    FMCN bid to go higher than $27

    there's a good chance that the $27 bid is too low by the CEO/Carlyle and that they'll need to raise the offer(independent board will get other offers and/or fairness opinions by bankers).

    Hearing that a similar thing happened with J Crew and CEO ended up raising the offer quite a bit more.

 

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