Quote:
Originally Posted by Slopho 
So his new business model is smaller specialized stores? I've seen a couple of BB Expresses around in Malls. I don't know. They have these huge big box locations and for a while they would sub-lease space inside the store. If I were holding I'd take have him up the offer to $28 then run like a bandit.

So his new business model is smaller specialized stores? I've seen a couple of BB Expresses around in Malls. I don't know. They have these huge big box locations and for a while they would sub-lease space inside the store. If I were holding I'd take have him up the offer to $28 then run like a bandit.
Im thinking about it purely from a numbers aspect.
Pre offer, he is holding 20% of a failing retailer, with a market value of his stake about a billion. If he were to liquidate, he would get even less than that. At the 28 per share, he buys himself out for 1.8 billion and he has only committed to putting a billion back in.
So, he walks away with 800mm cash and a billion in equity should he be able to turn it around. He gets to shit can the people who forced him out as a little bonus as well ha.











