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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC -- Ignore unavailable to you. Want to Upgrade?

To: CoffeePot who wrote (163)	1/15/1999 12:53:00 AM
From: * Thumper *	Read Replies (1) \| Respond to of 476

why would disney purchase gbfe at a premium now Maybe within closed circles that we "joe Public" would never hear about, is another suitor interested in gbfe & disney very discretely wanted to beat them to the punch except news leaked out in the form af a rumour posted in a major newspaper. If N.Y.Times publishes an article of this magnitude without checking their sources & this thing tanks big time tomorrow, the lawsuits that will ensue will be enormous. We're talking about 27 mil shares....that's a lot of money & investors involved. Could/would the N.Y.Times be so irresponsible to not check sources????

To: CoffeePot who wrote (163)	1/15/1999 8:15:00 AM
From: StormRider	Read Replies (1) \| Respond to of 476

Golden Books has based children's books on Disney characters and films since 1932, and in 1997 paid $47.5 million for a five-year renewal of its license. Not only was the price more than any company previously had paid for a licensing deal, but it came as the popularity of Disney animated films like "Pocahontas" was falling short of previous hits. Since Disney is owed a large percentage of that deal, one publishing executive noted that Golden Books, which has been struggling financially and has a market value is $20.9 million, might not be able to fulfill its agreement. "If Golden Books goes bankrupt, Disney won't get paid," the executive, who spoke on the condition of anonymity, said. "So it could be cheaper for them to buy the company." NY Times