Hearst Throws In Lowball Bid For Hearst-Argyle (HTV)

From 24/7 Wall St: Privately held Hearst Corp is bidding for the portion of Heart-Argyle (HTV) that it does not already own. Hearst owns just over 50% of HTV and has offered $23.50. According to the Wall Street Journal, “Investors, apparently banking that first offer won’t be the last, quickly sent Hearst-Argyle shares above the offer price.” The shares traded for $28 in April.  With the 2008 elections coming up, HTV shareholders would be foolish to take less than $30 for their shares…   Full post here.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

hearst sai-us