The attempt of Jeff Smulyan’s JS Acquisition to acquire the shares of Emmis Communications and take the company private again ran into a roadblock Friday 8/27/10, and no further meetings were scheduled at that time. However, an Emmis spokesperson told RBR-TVBR that a new meeting may be announced Monday 8/30/10.
The latest swing and a miss is strike five – but luckily for Smulyan, such deals do not operate under the rules of baseball and if all goes according to plan his next trip to the plate for another crack at recalcitrant shareholder pitching will be scheduled in the very near future.
Emmis stock closed 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
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 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 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