WEDNESDAY, APRIL 26, 2006
Romenesko Letters
Jerry Rothstein notes that the value of the Times Company's public shares is currently $3.66 billion. "It would extraordinary if the [Sulzberger] family had to give the public more than a 50% premium over the price in the public market. ...$10 billion would mean that the family would pay the public almost three times the freely traded price. Not likely on this planet."
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Earlier: Taking the Times private would be a $9-$10B proposition (NYO)Posted at 2:46:27 PM
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