SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David who wrote (17085)5/16/2003 11:35:05 AM
From: Paul Senior  Read Replies (1) of 78958
 
David. EBSC: I'll guess maybe $6.50 tops. Company offered a buyback of shares between $4.50-$6.00 in 2000. So it wasn't worth it for the Co. to pay more than $6, and that's when the economy was better and their business prospects were too (imo). Of course, today we're talking about a control offer (vs. a passive buyback), so that valuable and key aspect has to be reflected in the purchase offer.

From the '02 proxy it looks like weighted avg. option/warrant/right exercise price was about $6.345. Lot of options expired 12/'02 though. I don't know what it would take for management and BOD (who also have options) to vote for a deal. On the one hand they'd want something for themselves. OTOH, business prospects going forward aren't that good, and buyers for the company seldom come along (as we who hold EBSC shares well know -g-).

For now, I am just hoping there is a deal and that it's accepted by the BOD.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News