http://thedealsleuth.wordpress.com/2008/01/28/image-entertainment-is-yet-another-busted-buyout/ Disrespectfully tracking mergers, buyouts and other bad deals Fri, 13 Nov 2009 05:20:57 +0000 http://wordpress.com/ hourly 1 http://thedealsleuth.wordpress.com/2008/01/28/image-entertainment-is-yet-another-busted-buyout/#comment-3624 thedealsleuth Thu, 05 Jun 2008 17:07:13 +0000 http://thedealsleuth.wordpress.com/?p=91#comment-3624 Fred Schruers wrote a follow-up article on Bergstein in <a href="http://www.portfolio.com/views/blogs/the-hollywood-deal/2008/06/04/bad-boy-bergsteins-union-blues" rel="nofollow">Conde Nast Portfolio</a> Fred Schruers wrote a follow-up article on Bergstein in Conde Nast Portfolio

]]> http://thedealsleuth.wordpress.com/2008/01/28/image-entertainment-is-yet-another-busted-buyout/#comment-3367 Richard Cubano Tue, 29 Jan 2008 01:01:23 +0000 http://thedealsleuth.wordpress.com/?p=91#comment-3367 As far as I can tell, BTP does NOT own 38% of the stock. Rather, they have "beneficial ownership" of those shares on account of management and Image Investors (Kluge's company) agreeing to vote in favor of the acquisition. This is an important distiction, as it means BTP has thus far put only the $3M into trust for this deal, alongside the distribution deal. BTP has NOT bought 38% of the stock. If they had, I'm sure the deal would have gone through. As far as I can tell, BTP does NOT own 38% of the stock. Rather, they have “beneficial ownership” of those shares on account of management and Image Investors (Kluge’s company) agreeing to vote in favor of the acquisition. This is an important distiction, as it means BTP has thus far put only the $3M into trust for this deal, alongside the distribution deal. BTP has NOT bought 38% of the stock. If they had, I’m sure the deal would have gone through.

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