Charm Communications: A Safe Deal With 34.0% Annualized Return
- Charm Communications is likely to close the go-private deal by September 30, 2014.
- The buyer consortium controls enough votes to approve the deal.
- A significant shareholder may negotiate a higher offer price for minority shareholders.
- The deal valuation is at a deep discount to comparable companies and precedent deals.
- Shareholders will be rewarded with a 34.0% annualized return at closing.