Largest Shareholder13 May 2024 08:35
They know what value is.. and it's 5 times where we are at the moment...
With respect to S4 Capital, a March 2024 Wall Street Journal article described the company as the subject of multiple recent takeover offers, in one case at an offer price appearing to represent a multiple of the current share price. We were not surprised by the rumored offers, nor by Chairman Martin Sorrell allegedly rebuffing those offers as undervaluing the company. We, too, believe that the company is likely saleable today for a price well above the rumored offer price, although the most likely path forward still appears to be for the company to continue building a substantial amount of future business value as an independent company.