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Stock Market & Financial Investment News

News Breaks
February 13, 2014
08:02 EDTSFXESFX Entertainment acquires 50% of Rock in Rio
SFX Entertainment has completed its previously announced acquisition of a 50-percent interest in a holding company that controls Rock in Rio, one of the biggest festival franchises in the world. SFX paid R$150.0M, or approximately $ 62.3M, as of the closing date.
News For SFXE From The Last 14 Days
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August 18, 2015
10:00 EDTSFXEOn The Fly: Analyst Downgrade Summary
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07:05 EDTSFXESFX Entertainment downgraded to Sell from Hold at Stifel
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August 17, 2015
08:02 EDTSFXESFX Entertainment CEO reaffirms commitment to taking company private
Robert F.X. Sillerman, CEO and Executive Chairman of the Board of Directors of SFX Entertainment, reaffirmed his intention to provide a revised offer for all of the company's common shares not owned by him or his affiliates, in a manner that reflects the reality of where the stock has traded since his original and subsequently revised offers to purchase those shares. Shares of SFX have experienced a decline of more than 62 percent during the period spanning the close of the market on February 24, 2015 - the final day of trading prior to the public disclosure of Mr. Sillerman's initial offer to purchase the above-cited shares - and the market close on August 14, 2015. That percentage decline represents a drop in the closing price of SFX shares from $3.70 to $1.39, the latter being the lowest closing price on record for SFX, which began publicly trading in 2013. Mr. Sillerman indicated that he was optimistic that a revised going-private offer would be successfully consummated. SFX has in place a special committee of independent directors to consider a revised proposal submitted by Mr. Sillerman and make a recommendation to the full Board. The company announced on August 14, 2015 that it had agreed with Mr. Sillerman to keep open a bidding period for the company until October 2, a period that would include the firm's peak festival season. Mr. Sillerman noted that he and his financial advisors are continuing to examine options, including the possible involvement of strategic partners.

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