• whitehead1
    Does any one knows what was the price offer for "GFA"? I don't see any where what was the price offered for GFA.
    3/6/12
    Reply (9)
    • vireoman: I think he means the offer from Zell that was rejected. I haven't run across that info.
      3/6/12
    • vireoman: de nada
      3/6/12
    • DAG Investments: that would definitely be interesting to know... please post if you do find out, although that seems very unlikely
      3/6/12
    • vireoman: FWIW (from Yahoo mess bd): "Apparently, Zell took the market cap of Gafisa ($2.2B) and subtracted the value of Alphaville ($1.5B)......."
      3/7/12
    • vireoman: "......and offered $700M for Gafisa and Tenda. That would have paid off a whopping 20% of outstanding debt ($4B). What a joke." (FWIW)
      3/7/12
    • DAG Investments: lol! maybe he should have added the value of Alphaville! maybe he is dyslexic. lol
      3/7/12
    • DAG Investments: btw, its ironic that GFA is the only one of the Brazil ADRs that's not taking a beating today and is actually going up slightly
      3/7/12
    • vireoman: Sam is 70, after all. Maybe he didn't have his reading glasses on.
      3/7/12
    • DAG Investments: lol yes, that could be.
      3/7/12