Shares in SFX Entertainment continue to fall
Shares in SFX Entertainment have continued to fall after CEO Robert F.X. Sillerman failed in his initial bid to take the company back private.
The EDM promoter’s stock price tumbled 23.3% to $1.02 yesterday morning (August 18), before rebounding to $1.08. The drop came after an analyst downgraded the stock to “sell”.
Sillerman (pictured), who took the company public in 2013, still intends to take it back private despite having missed the deadline for the original deal.
He ...
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