Lavin

More Local Eyes on Buying the Cubs

More potential buyers are emerging for the Cubs organization, and the results of the bidding for the Tribune Company lead some to think that the chance of a private buyout of just the team (or the team and the TV network) has increased. The bids did not contain a hoped for eye-popping offer for the stock of the Company. Thus Crain's Chicago Business and other sources report the chance of a selected asset sale are greatly increased. Local wire and cable magnate Jim Anixter is now in the mix, along with Don Levin and others, as possible Cub owners. (Hey guys, are your egos compatible?? After all the White Sox ownership is really by a small group.)

Yours truly's Tribune stock went bye-bye under a stop-loss order in effect over the holidays. The Tribune story today says the Chandler family (the insiders who started this rumble for a sale) now assert the stock is overpriced. (Could that be because they low-balled an offer themselves??)

Anyone wishing to ponder this further may check out the following link to Crains: http://www.chicagobusiness.com/cgi-bin/n...

Syndicate content