Breaking: Emmis once again is a No Go Vote


This marks the fifth time that the meeting with shareholders adjourned because they couldn’t reach a quorum.

Emmis CEO Jeff Smulyan wants to go private but a small number of preferred shareholders are blocking the private access road.

A new date for another try has not been set. Emmis closed today, Friday 8/27/10, at $2.02. The offer on the table is $2.40 per share. 

For Friday stock closings: Broadcasters cash in as Fed’s Ben Bernanke floats all Wall Street boats – 08/27/10

RBR-TVBR observation: There is a very old saying in the deal world and it goes likes this, “Longer the fish sits on the table the more it begins to smell and goes bad.”  You can pick your read and follow along:

Emmis privatization: Fourth time no more charmed than the third

Breaking: Another one-week delay for Emmis vote

Postponement #3 for Emmis shareholders vote

Emmis shareholders waiting…again

Will third time be the charm for Emmis vote?

Emmis vote bumped to Friday the 13th

Emmis shareholders waiting for news

Emmis vote put off again

Emmis and Jeff Smulyan extend tender offers

Emmis stock recovers some ground

Emmis adjourns shareholder meeting without vote

Emmis buyout outcome still a mystery

No word from Emmis on eve of shareholder vote

Judge refuses to block Emmis buyout

Yet another lawsuit over Emmis trying to go private

Jeff Smulyan facing Emmis options

RBR-TVBR First: Preferred shareholders opposing Emmis buyout

Emmis vote set for August 3rd

Emmis files preliminary proxy for going private

Smulyan tender for Emmis stock extended over a month

Emmis buyout tender to be launched next week

Emmis board says buyout is fair and the only bid possible

Emmis employees told Jeff is still going to be the boss

Emmis board endorses going private transaction