Replies to post #324 on SFX Entertainment Inc. (fka SRXEQ)

[KOmani]

Also looks like they had an offer for $5.25 from the same person making the offer today ... and that didn't end up happening.

Could be that the offer is happening because they want an interested party to make them an offer.

This plays a big role as to why there is such a discount from the $1.75 cash offer.

[Stockrocketer]

Can you read it? You must read it, no dream mr. Mazo!

" EX-2.1 2 13da9exh-2_1.htm PROPOSAL LETTER
Exhibit 2.1
Robert F.X. Sillerman
October 14, 2015
The Board of Directors
SFX Entertainment, Inc.
902 Broadway 15th Fl
New York, NY 10010

Dear Sirs and Madams:
I am pleased to submit a proposal to acquire, through one or more acquisition vehicles ("Acquiror"), those shares of SFX Entertainment, Inc. (the "Company") that I do not already own in an all-cash transaction for a price per share of up to $3.25 on the terms set forth below.
Under the proposed transaction, stockholders of the Company would receive at closing up to $2.25 in cash per share and a non-tradeable contingent payment right (CPR) entitling the holder to receive up to an additional $1.00 per share in cash upon a future sale of the Company. Under the terms of the CPR, the holders would receive in the aggregate 10% of the common equity value of the Company based on the price paid in such sale (or if the Company is not sold within five years of closing, 10% of the appraised common equity value of the Company), up to an aggregate of $100 million. The upfront payment will be constituted of $1.75 plus 100% of the payment I will receive applied pro rata to all shareholders, up to $50MM, for the credit and other support I have provided to the Company...."