Nostalgia bid extended

Pat Robertson’s Intl. Family Entertainment Inc., whose tender offer for Nostalgia Network Inc. was due to expire at noon today, will extend the offer, sources said.

Intl. Family has said it would increase the $ 2 a share offer to $ 3 a share, or roughly $ 63 million, under certain conditions. The extended tender, though, will remain at $ 2 a share.

Because of the possibility of an improved offer, Nostalgia repeated its advice to shareholders Wednesday to not tender their shares.

Concept Communications Inc., which has ties to Rev. Sun Myung Moon’s Unification Church, is also trying to take control of Nostalgia.

More Biz

  • Hand out image - Free of

    Philanthropy at the Core of Scooter Braun's Business

    Pat Robertson’s Intl. Family Entertainment Inc., whose tender offer for Nostalgia Network Inc. was due to expire at noon today, will extend the offer, sources said. Intl. Family has said it would increase the $ 2 a share offer to $ 3 a share, or roughly $ 63 million, under certain conditions. The extended tender, […]

  • Jeremy Piven

    'Entourage' Extra Claims Jeremy Piven Assaulted Her in New Allegation

    Pat Robertson’s Intl. Family Entertainment Inc., whose tender offer for Nostalgia Network Inc. was due to expire at noon today, will extend the offer, sources said. Intl. Family has said it would increase the $ 2 a share offer to $ 3 a share, or roughly $ 63 million, under certain conditions. The extended tender, […]

  • Peter Thiel

    Billionaire Peter Thiel Sells Majority of Facebook Stake, Pocketing $29 Million

    Pat Robertson’s Intl. Family Entertainment Inc., whose tender offer for Nostalgia Network Inc. was due to expire at noon today, will extend the offer, sources said. Intl. Family has said it would increase the $ 2 a share offer to $ 3 a share, or roughly $ 63 million, under certain conditions. The extended tender, […]

  • Scooter Braun Team

    Meet the Six Key Execs Who Help Scooter Braun Care for Roster of Clients

    Pat Robertson’s Intl. Family Entertainment Inc., whose tender offer for Nostalgia Network Inc. was due to expire at noon today, will extend the offer, sources said. Intl. Family has said it would increase the $ 2 a share offer to $ 3 a share, or roughly $ 63 million, under certain conditions. The extended tender, […]

More From Our Brands

Access exclusive content