Zarex
Avenger
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- May 16, 2012
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You're still arguing why they should or should not vote for a particular deal.
I'm only arguing that if Comcast makes a much sweeter offer, they would likely still need to consider it.
Would any offer be enough to delay the vote a second time? I have my doubts. Rupert comes out much better financially with the Disney deal. He also wants a significant position in Disney stock and his assets ending up with the Mouse. I think the vote goes on regardless of what Kabletown comes up with in the next few weeks.
And if the acquisition goes to vote, the risk to the stockholders is significant. With a no vote, Disney collects $1.52B and can either come back in with another offer or move on to another target. If that's the case Fox is down to one suitor, a buyer who may not meet governmental muster. The launch of New Fox, in which Rupert has invested billions in licensing deals, is further delayed.
I think investors will get a chance to consider Roberts' offer, but it will come during a yes-no vote on the Disney acquisition.
 
				 
						
 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		
 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		