Friday, 14 August 2015

SFX shares plummet as Sillerman misses buyback deadline

SFX stock fell 7 % Thursday to an all time low of  $1.94 as CEO Robert Sillerman missed a 10AM deadline prove that he had the financing to complete a stock buyback. As of 4:10PM the company had not issued a statement. Sillerman has promised a cash buyback of stock at $5.25 per share. More on Hypebot here

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