Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Hef to Buy Remaining Shares of Playboy?

Print comment Post Comments
HEF'S PRIVATES
DailyFeed
Hef may be into sharing women, but he doesn't like sharing control of his baby.

Steve Gelsi over at Marketwatch reports that "Playboy Enterprises Inc. (PLA) founder Hugh Hefner on Monday offered to take the company private at a price of $5.50 a share, a premium of $1.56 a share, or 40% over the stock's closing price of $3.94 a share on Friday. Based on the company's 33.5 million shares of stock outstanding, the deal values the media firm at $184 million."

Playboy without Hef would be like Apple (AAPL) without Steve Jobs. No, it would be worse. It would be like BP (BP) without Tony Hayward. No, actually that would be pretty good. It would be more like, well, Playboy without Hugh Hefner. Which would upset the equilibrium of the planet earth, if you really think about it.

Bonus: Did you know that Playboy comes in a Braille edition? Yes. Seriously. Not kidding.



One has to assume that readers of Playboy's Braille edition are the only people who say they read Playboy "for the articles" who are actually telling the truth.
POSITION:  No positions in stocks mentioned.
TICKERS:  NYSE:BP, NYSE:PLA, NASDAQ:AAPL   

TICKERS