Robert Sillerman's SFX Entertainment Privatization Plan Fails

In the past few weeks, things have started to look bleak for Robert F.X. Sillerman in his big to try and take dance music conglomerate SFX Entertainment private. He had been struggling to find the financing from investors to begin an aggressive share buyback plan at the agreed price in May of $5.25 per share. Now that the company's share are valued at $1.39, that initial offer has become untenable and SFX is now exploring other options.

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