Market Overview

Report: Sotheby's Could Get Other Offers

Report: Sotheby's Could Get Other Offers

Sotheby’s (NYSE: BID) could get offers from other rival investors, according to the New York Post.

Patrick Drahi's BidFair earlier this week reached an agreement to acquire Sotheby's for $3.7 billion, but it seems the bidding war is not over yet.

According to the New York Post, “deep-pocketed art aficionados” are forming to put together a superior bid for Sotheby’s. The Post said a number of insiders speculate prolific art collectors on Wall Street such as Ken Griffin, Steve Cohen and Stephen Schwarzman could be involved.

Sotheby’s shares were trading higher by 1.8% at $57.56 on Friday afternoon.

Related Links:

Sotheby's To Be Acquired By BidFair, Shares Rise 60%

Thomson Reuters To Acquire Audit Service Company Confirmation

Photo credit: Sothebys1744, Wikimedia


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Posted-In: New York PostM&A News Media Best of Benzinga

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