July 11 Comcast bid UKP14.75 * 1.32 rate * 4 shares per ADR = $77.88 Comcast latest buyout bid per ADR. SKYAY today is at $78.74.
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INTERESTING REPORTING BY JASON AYCOCK AT SEEKING ALPHA. BUT I AM NOT SO SURE ABOUT THE CONTINUANCE OF THE BIDDING WAR FOR SKY.
Jul. 12, 2018 12:27 PM ET|By: Jason Aycock, SA News Editor Sky (OTCQX:SKYAY) is up 3.6% in OTC trading after the latest move in a bidding war for the UK broadcaster, a raised bid of $34B from Comcast (CMCSA +1.7%).
Jefferies has given the stock a Street-high price target of £17.50, up from £16; that implies 13% upside from today's London close of £15.45. Shares hit an 18-year high.
BUT I AM NOT SO SURE ABOUT THE CONTINUANCE OF THE BIDDING WAR FOR SKY.
Jul. 12, 2018 12:27 PM ET|By: Jason Aycock, SA News Editor
Sky (OTCQX:SKYAY) is up 3.6% in OTC trading after the latest move in a bidding war for the UK broadcaster, a raised bid of $34B from Comcast (CMCSA +1.7%).
Jefferies has given the stock a Street-high price target of £17.50, up from £16; that implies 13% upside from today's London close of £15.45. Shares hit an 18-year high.
Have no bearing on the deal. The Brits hate people like him