More on the Multiband (MBND) acquisition at $3.25/share: Congrats to SA Pro's Inefficient Market who - less than 24 hours ago and at a price of about $2.30 - told readers he was buying the stock "hand over fist." "In my opinion, Multiband's MDU unit alone is worth more than the entire company's current enterprise value of $82M."
Goodman Networks plans to acquire Multiband (MBND) for $3.25 per share in a deal valued at $116M. Multiband's board of directors say they evaluated several options for the company before agreeing to the offer. Under the terms of the arrangement, Multiband can keep soliciting bids from other parties for 45 days.
More on Multiband (MBND): Q4 results come in line on a per share basis, but beat on revenue. Profit rose to a record $300M, up 13% Y/Y. The company also raises guidance for 2012, now expecting revenue of about $320M, ahead of the Street view of $295M. Shares +4.5% AH.
DIRECTV provider Multiband (MBND +13.1%) pops after saying its Q3 revenues will exceed previously announced guidance. The company attributes its top line boost to improved operating efficiencies due to an expansion of its platform plus increased leverage in its overall business model.