I guess the ones following the stock totally ignored the facts that the bidders for UVN keep dropping their bid.
UVN being manipulated ??
- Thread starter krazykarl
- Start date
$36.25 not $36.75
Weil, Gotshal & Manges Represents Investor Group Including Madison Dearborn Partners, Providence Equity Partners, Saban Capital Group, Texas Pacific Group and Thomas H. Lee Partners in Acquisition of Univision for $13.4 Billion
Tuesday June 27, 11:58 am ET
NEW YORK, June 27 /PRNewswire/ -- Univision Communications Inc. (NYSE: UVN - News), the leading Spanish-language media company in the U.S., and a group including Madison Dearborn Partners, Providence Equity Partners, Saban Capital Group, Texas Pacific Group and Thomas H. Lee Partners, today announced they have signed a definitive agreement under which the group will acquire Univision for $36.25 per share in cash. The transaction is valued at approximately $13.4 billion, including the assumption of $1.4 billion in debt.
Weil, Gotshal & Manges LLP is acting as legal advisor, Hogan & Hartson LLP is acting as FCC Counsel and Bank of America, N.A., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Wachovia Bank are acting as financial advisors to the buying group in the transaction.
Univision is the nation's fastest-growing media company. Serving the burgeoning Hispanic community -- which is growing three times faster than the general population -- Univision has industry-leading market share in its television, radio, music and online businesses. With an unmatched collection of assets and a unique connection with Hispanic Americans, Univision is ideally positioned to reap additional benefits from the continued rapid growth of the Hispanic population and increased advertising in Spanish-language media.
The Weil Gotshal team was led in this transaction by partners David Duffell and Shar Heslam, supported by attorneys from practice areas and offices across the firm. Other partners involved include Joseph Kuzneski in Corporate; Todd Chandler and Angela Fontana on the Financing Team; Michael Epstein in Intellectual Property; Marc Silberberg in Tax; Michael Kam in Benefits; Alan Weinschel in Regulatory; and Annemargaret Connolly in Environmental.
Counsel and associates providing support in the transaction include Pepper Brill, Shayla Kasuto Harlev, Amy Meese, Matthew Goulding, Courtney Marcus, Lesley Morriset, Roy Luria, Fiona O'Donnell, John Sipple and Eric Hochstadt. Mace Rosenstein from Hogan & Hartson was the FCC regulatory counsel on the deal.
About Weil, Gotshal & Manges
Weil, Gotshal & Manges is a leading domestic and international law firm of over 1,200 lawyers, including more than 300 partners. Weil, Gotshal is headquartered in New York, with 20 offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, New York, Paris, Prague, Providence, Silicon Valley, Singapore, Shanghai, Warsaw, Washington DC and Wilmington.
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Source: Weil, Gotshal & Manges
That would be a clue. But understand, fake paper hitting you in droves will satiate your appetite for stock. The point is, to destroy the stock. You never really sold any, only took the money in and made it look like stock.
There will be more out soon on the mechanics of this, but up until now, you just have to avoid these stocks, at least on the long side. You can really get hurt, because they don't act logically. If the authorities act, it'll be a great opportunity. Now, it's very haphazard.
There will be more out soon on the mechanics of this, but up until now, you just have to avoid these stocks, at least on the long side. You can really get hurt, because they don't act logically. If the authorities act, it'll be a great opportunity. Now, it's very haphazard.
You might want to steer clear of long positions for anything on this list: http://www.buyins.net/tools/short_l...akedShortListasof20060803StockswImminentBuyin
but look at the pirce action in the link i posted - intraday you can SEE something fishy... a few spikes of volume(big blocks) throughout each day. I can only assume that the specialist or MM is caching the orders and normalizing them, then reporting actual trades in a large block of volume.... this would allow them to keep the spread as narrow as it has been
i'm trying to learn here - check out the 5 min for the past 2 weeks, throw volume on the chart and you'll see what i mean. the spread is being narrowed artificially.....
