Pump the sky SP up to intrinsic value then do a straight equity merger with the paper. No cash needed.
Genius.
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Vocus will want cash.
But I am talking about NZME which is currently a listed business.
So they buy Orcon retail assets. SP rockets to $5 or even $6 per share…(post consolidation)
Then if you also want to add the newspaper to the Arsenal you buy it using Sky shares. The NZME shareholders will be more than happy with that.
Sky ends up being a large telco and media entity - fit to challenge Spark and Vodafone.
If the CEO has recently bought a bunch of shares, does that mean a takeover can't happen in the next wee while? I thought I saw someone mention Protocol B or something.
It certainly makes the Jarden involvement make sense.
and bringing James bishop in .
and having an interim CFO with no ad or serious interest in replacing him (wtf?)
and moving martin on.
Both the investor day, and the results webcast you can tell they are saying alot by what they are not saying!
Sophie buying shares obviously took care of protocol B , but definitely doesnt exclude any of the above posts.
correct me if im wrong, she was barred from buying before results aye? was that her first opportunity to buy since what date approx?
If she pulls it off shes either going to be CEO of a much larger entity or be hot property on the open market wherever complex M+A activity is going on.