TITLE

Baker Street Makes Bid For Tix

AUTHOR(S)
Noto, Anthony
PUB. DATE
April 2011
SOURCE
Mergers & Acquisitions Report;4/11/2011, Vol. 24 Issue 15, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the move of Baker Street Capital LP to bid for Tix Corp., a discount ticket service, for about 52.5 million U.S. dollars. A letter was sent by Baker Street, which owns a 21.9 percent stake in Tix, to the company's board asking for a committee of independent directors to explore all strategic alternatives such as a sale process. Vadim Perelman, managing director at Baker Street, expressed concern that it may be management's intention to take Tix Corp. private at a small premium to the current depressed value.
ACCESSION #
59975061

 

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