Wednesday, July 12, 2006
Folio: Penton For Sale
Tony Silber and Matt Kinsman report that Penton is looking at a possible sale of the company, having retained Credit Suisse Securities.
Tony and Matt have a detailed look at how common shareholders will be "compensated" if a sale occurs. It looks predictably grim.
Grab:
A special independent committee of the board was appointed to represent the common shareholders. None of the three committee members, interestingly, own any common shares of stock.
Great reporting from Folio:, as usual.
Here's the Penton press release.
My previous takes on Penton's valuation can be found here:
Valuing Penton
Penton's 2005 Results
And Rafat Ali's reporting, here.
Comments
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Tony and Matt have a detailed look at how common shareholders will be "compensated" if a sale occurs. It looks predictably grim.
Grab:
A special independent committee of the board was appointed to represent the common shareholders. None of the three committee members, interestingly, own any common shares of stock.
Great reporting from Folio:, as usual.
Here's the Penton press release.
My previous takes on Penton's valuation can be found here:
Valuing Penton
Penton's 2005 Results
And Rafat Ali's reporting, here.
