Junto Posted September 8, 2011 Share Posted September 8, 2011 Penn Miller to be acquired is another win for Biglari http://bit.ly/prtw6U Link to comment Share on other sites More sharing options...
Frozen Tundra Posted September 8, 2011 Share Posted September 8, 2011 What was Biglari's cost basis on PMIC? Link to comment Share on other sites More sharing options...
Christopher1 Posted September 8, 2011 Share Posted September 8, 2011 Around 14,5$/share 416,598 shares for an aggregate purchase price of 6,050,000$, as usual 50/50 The Lion Fund/Biglari Holdings http://www.sec.gov/Archives/edgar/data/1334426/000092189511000896/sc13d07428007_04292011.htm Link to comment Share on other sites More sharing options...
gfp Posted September 8, 2011 Share Posted September 8, 2011 This was a pleasant surprise this morning. They had announced they were exploring strategic alternatives but I wasn't expecting something so close to book so quickly. I wonder why Ace wants this at this price? I think we have Brad Radoff to thank much more than Sardar on this one. Brad's been in there talking with management for a lot longer. Link to comment Share on other sites More sharing options...
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