At first glance there is little, to nothing in this deal for SXL shareholders. Why would any company want to 'aquire' assets in dying (dead) print media?
I can see the justification from ACMs perspective. Print media is dead, but at least radio is still moderately profitable.
I would have though that the only way ACM would 'merge' with SXL, is if the former offered a considerable premium over ARNs offer - in cash!!
Ann: Media article regarding ACM proposal, page-5
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Mkt cap ! $115.1M | |||
| Open | High | Low | Value | Volume |
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