Deal and No Deal While pretending that they don’t mind seeing the company taken public to try and strengthen their negotiating position, Bertelsmann publicly acknowledged that it is “prepared for a buyback of GBL’s stake at a reasonable price, if the shareholders reach an agreement.” Reasonable price will be the sticking point; Bertelsmann is thinking $4 billion to $5 billion, while the folks at GBL are hoping for $6 billion. How deep will the debt-averse company have to dig to fund the buyback is the next big question. The company says that management and the Mohn family “were unanimously of […]
