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MacAndrews & Forbes Holdings - Ron Perelman's holding company - offers $24 a share for...

MacAndrews & Forbes Holdings - Ron Perelman's holding company - offers $24 a share for M&F Worldwide (MFW +42%), a 42% premium to Friday's closing price that values MFW around $464M. Of course, Perelman was already running the conglomerate like a private firm for the most part.
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  • sthutto
    , contributor
    Comments (10) | Send Message
     
    My fear of this stock is coming through. Perelman driving the price down to buy the company cheap. Now the Attorneys are out in force to collect 30% of the gain on the increase per share of the offer or what a potential court may render. Perelman watched this stock drop below book value per share and real value arguably near $100/share and I have seen valuations as high as $149/share. (min of $70/share value, similar to a very conservative article written on Seeking Alpha a few weeks ago). Let's hope he doesn't pull this off and the stock realizes its true intrinsic value. I would be curious to how other shareholders feel on the topic and if they are signing up with the Attorneys who are investigating. Or is Perelman creating this frenzy to bring attention to the share price and allow it to realize its value?
    14 Jun 2011, 11:42 AM Reply Like
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