takeout - unlikely - strategic stake yes, page-4

AFRStreet Talk has an article today (should be in tomorrow's hard copy), that suggests that TEN is likely to be taken out, as per article in the WSJ on the same topic. Here's the AFR link (for members or take a free trial):

http://www.afr.com/p/opinion/corporate_activity_looms_large_in_1BrdG5o6CvOaahsskAnStO

And here's the WSJ article link:

http://blogs.wsj.com/dealjournalaustralia/2012/06/20/clsa-news-corp-poised-to-go-after-ten-network/

Aside from NEWS interest in TEN, the AFR Street Talk article says that the major holders of TEN (Lachlan Murdoch, James Packer, Bruce Gordon and Rinehart) could do a buyout with private equity.
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saracen, if Packer, Murdoch, etc, wanted to do a buyout of TEN, they'd like the share price as low as possible. They may have paid $1.20 for some of their early stake, and 51c recently for more shares, but buyers want to buy low, and this rich mob is no different. Noticer how there is no threats to management about the share price performance of TEN? I'd say it is in many people's interest for it to sink to a level they'd want to buy it for. Given there was a placement recently @ 51c, they could probably buy the lot for around 55c.

Good buying opportunity here with the share price so low. Results out soon, and that will tell a story of its own.