Centaur in Play as CIG bid
CIG, the vehicle supposedly created to buy subs based b2b assets which has Peter Balzegette (of Big Brother fame) on its board, has made an offer for Centaur. No surprise that the board has rejected the approach. The share price rose some 15% today. If the offer gets to 60p the shareholders should snap at it - but the board won't want to do a deal as the management is likely to be a casualty in any deal methinks.
Labels: centaur media, cig
posted by Businessmediablogger @ 6:01 pm
5 Comments:
The irony here is that the shareholders of CIG are in the main the very same shareholders as Centaur, why on earth are they going to pay a thumping great premium for new management that has NO experience of ad funded business models. me thinks not, so dont hold your breath.
"The irony here is that the shareholders of CIG are in the main the very same shareholders as Centaur..."
Well, Jupiter and Axa are, but what about Aegon, Artemis, L&G, Old Mutual, Threadneedle and Henderson? These are the other main institutional shareholders of CIG. On the other hand, Wellcome, FiL, Schroders, and not least GV Sherren esq (7.3%) are exclusively Centaur shareholders. I would be worried for Centaur if GVS were not.
and look who has just stepped down as Chairman
So when have CIG ever run a business that is ad driven.... never!! what value are they going to add? none, why would CIG shareholders back them? where is the value add, where is the change management experience, where is there anything other than ego that can drive value for the CIG shareholders. Put up or shut up I say. Maybe the next time CIG announce they should announce when there is something to say.
good lunch?
Post a Comment
<< Home