Hugh Hefner Offers To Take Playboy Private For $5.50/share
July 12, 2010 at 12:03 PM EDT
Playboy Enterprises (PLA) said Monday it received an offer from founder Hugh Hefner to take the company private in a deal which values the adult entertainment company at around $185 million. Hefner has offered to buy all outstanding Class A and Class B stock not currently owned by him at $5.50 per share [...]
