Anatomy of SBS Broadcasting Buyout — Why I Hope For A Higher Offer

I received the circular on the buyout of SBS Broadcasting (SBTV) earlier this week and based on my reading I am continuing to hold the shares owned by clients hoping for another bidder to emerge. As a reminder, SBTV has agreed to a buyout offer from private equity investors led by European group Permira and supported by KKR. The buyout is structured as an asset sale and will pay SBTV shareholders