Replies to post #3916 on China MediaExpress Holdings, Inc. (fka CCME)

[BigOnChina]

I actually agree that there may be something going on here with FMCN looking to buy CCME. The deal would make complete sense from an acquisition standpoint for them and lets remember that FMCN's previous deal didn't exactly go as planned. This may be the reponse. They do have $588 million of cash to deploy and they're going to have to do something with it.

In addition, CCME now has a market cap of under $300 million with over $155 million of cash on the balance sheet.

As the CEO of Focus Media, I'd be all over this with a $22 per share bid making it a $732 million all cash deal.