Thanks for the mention, David. I've known Keith for years, and he's a terrific reporter. But his report on Penton had nothing that our earlier report didn't have. And that's fine, journalism works that way sometimes. What got me a bit out of joint was that the Jim Romenesko site picked up Keith's item as though it were new but completely ignored ours, which was richer anyway. Romenesko used to run Folio: items in his lead position regularly when Simon Dumenco was writing for Folio:. Now we never get a mention.
Disappointing and mystifying.
A bid for $500 million would be worth about .83 cents to common shareholders. On July 21, Penton filed an 8K outlining the distribution of proceeds to common shareholders based on several sale price scenarios.
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