Yeah why appeal if they don’t have strong argument to stay listed? Will see their blue print for next five years, I guess, presented to nasdaq including plans for international expansion headed by Nave.
Who knew about Soda Stream until it was bought by Pepsi for $3.2B in 2018?
Who knew about Redbox until it was sold to private equity for $1.6B in July 2016, when put on sale in March
In 2005, Coinstar bought 47 percent of the company for $32 million,[9] after unsuccessful attempts to sell half the company to Blockbuster and Netflix.[10] In early 2008, Coinstar exercised an option to increase its share from 47% to 51%.[9] In February 2009, Coinstar paid McDonald's and other shareholders between $169 and $176 million for the remainder of the company.[11]
The move follows Outerwall, the DVD kiosk rental company, in March hiring Morgan Stanley as its financial adviser to explore a sale or other initiatives after movie rentals fell short of expectations as consumers increasingly opt for Blu-ray rentals. Shares in Outerwall jumped Monday morning by $5.24, or 11 percent, to $52.15 on news of the deal.
"Outerwall's board of directors has undertaken a comprehensive review of a wide range of strategic and financial alternatives to maximize value for all Outerwall shareholders. We are pleased to reach this agreement, which follows a robust process and provides an immediate and substantial cash premium to our shareholders," Erik Prusch, Outerwall's CEO, said Monday in a statement.
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