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Multiband Anonim ┼×irket Message Board

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  • doctor_eavil doctor_eavil Aug 4, 2011 4:03 PM Flag

    Buyout offer

    what FUND got this letter?

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    • Clearly, this offer must have been rebuffed by MBND as Unitek is not a strong player and the tentative offer was only partly for cash. Unitek stock is not, in my opinion, a sound investment.
      See excerpt below:

      To that end, I am pleased to advise you that UniTek is interested in pursuing a merger transaction with Multiband that would value Multiband at a price of approximately $4.50 for each share of outstanding Multiband common stock, with shares of Multiband s outstanding preferred stock included on an as-converted basis. The price would be payable in the form of cash and stock, with between $1.25 and $1.85 per share in cash and the remainder in UniTek common stock.