Post by
nolipstick on Nov 12, 2019 10:00am
This will remain as a status quo standoff......
until mid 2020 or even beyond.
There is no one in their right mind who will committ 3-4 billion for this puppy or lender who would finance this deal. Maybe Baker can squeeze out a dollar or two to sweeten but not enough to get to $18 range, That's what happens when a company is worth more dead than alive.
Only hope is that minority shareholders will oust Baker....sell or dividend out Saks.
Comment by
estebancaballo on Nov 12, 2019 1:30pm
This puppy is a real estate empire worth billions...far more than the current offer. Forget the retail.
Comment by
estebancaballo on Nov 12, 2019 1:33pm
Even the Hbc presentations show the RE to be worth more than the valuation made by the committee. All imho.
Comment by
estebancaballo on Nov 12, 2019 3:24pm
Sorry meant to say millions..not billions...all imho