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Emmis to go private?

T

Tig1150

Emmis head Jeff Smulyan plans take the company private. A company owned by Smulyan, is offering to buy all of Emmis’ public shares for 15.25 per share (per Radio Business Report and CNBC). That would be a 13.6% premium over Friday’s closing price. That would value Emmis’ equity at 567 million.
 
Sounds like a good plan to me...I personally think private companies are usually in the best interest of the customers of that company. It may have absolutely no basis in reality though ;)
 
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