SFX stock dips to new low after deadline is missed
SFX Entertainment’s share price tumbled 7% to an all-time low of $1.94 after the company’s CEO Robert Sillerman missed a deadline to prove he had the funds to take the company private again.
Hypebot reports that Sillerman (pictured), who took the firm public in 2013, failed to issue a statement yesterday (Thursday, August 13), despite a 10am deadline.
The EDM promoter released its 2015 Q2 earnings earlier this week. A 48.3% year-on-year revenue increase to $121.1 million ...
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