NY Times Mulling Going Private Through An LBO?

So says BusinessWeek, following news that came out yesterday about Hank Greenberg and others wanting to buy New York Times Company. Chairman Arthur Sulzberger Jr. has for a few month been thinking about taking the company private, and he has been quietly soliciting advice from trusted friend and financial adviser Steven Rattner, according to the story.
The story further says that Rattner, who runs media PE firm Quadrangle Group, offered various strategic alternatives, including a leveraged buyout, for the company, which has a market cap of $3.3 billion, less than half its peak in 2002.
A buyout would offer all the usual enticements: a premium that some investment bankers estimate could be as much as 20% for shareholders, plus the opportunity to retreat from market scrutiny.

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