takeover?, page-23

The valuation of DRM is light compared to others and it would be no surprise to me for a takeover offer to arise. I am sure that any cost below $200m would be considered as OK value for money and would probably get over the line. Other companies that have had good price growth recently could also issue script at much cheaper rates than a couple of months ago. The window of opportunity to get DRM for a reasonable value is not going to last much longer IMO.