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Stock impact report

Reservoir Media takeover offers ‘appear too cheap,' says Roth Capital [Yahoo! Finance]

Reservoir Media, Inc.. (RSVR) 
Company Research Source: Yahoo! Finance
something closer to the firm's target price of $15.00 as “more fair to public investors.” However, the firm has “limited belief that a bid at these levels will arise” given the high degree of related-party equity ownership with 44% of shares owned by one bidding party and its view that a “hostile” third-party bid does not really make sense due to the relationship-driven nature of Reservoir's business. The firm keeps a Buy rating on Reservoir shares. Claim 70% Off TipRanks Premium Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now See Insiders' Hot Stocks on TipRanks Read More on RSVR: Disclaimer & Disclosure Report an Issue Reservoir Media says Irenic offering buyout at $10-$11 per share Irenic submitted bid worth $10-$11 a Show less Read more
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