Inactive Instrument

Sotheby's

BID

Institutional Shareholder Services Inc. Backs Sotheby’s Agreed Takeover by Patrick Drahi

August 26, 2019 at 01:25 pm EDT

On August 26, 2019, Institutional Shareholder Services Inc. has recommended that shareholders approve the agreed USD-3.7-billion takeover of Sotheby's by Patrick Drahi. ISS pointed out that no other potential buyers have come forward despite the auction house's stock trading above offer, so it found the USD-57-apiece bid for the Company to imply an appealing valuation for the target company.

Latest news about Sotheby's

Transcript : Sotheby's, Q1 2023 Earnings Call, Jun 13, 2023	23-06-13
Transcript : Sotheby's, Q3 2022 Earnings Call, Nov 08, 2022	22-11-08
Transcript : Sotheby's, Q1 2022 Fixed Income Call, Jun 13, 2022	22-06-13
Transcript : Sotheby's, 2021 Fixed Income Call, May 11, 2022	22-05-11
Patrick Drahi Reportedly Mulling A Listing of the Sotheby's Auction House	21-12-15	CI
Realogy Holdings Corp. and Sotheby's acquired a 80% stake in Concierge Auctions, LLC.	21-11-16	CI
Mojito announced that it has received $20 million in funding from a group of investors	21-10-20	CI
Sotheby's Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-29	CI
Alexander Klabin acquired minority stake in Sotheby's.	20-09-22	CI
Sotheby's Auditor Raises 'Going Concern' Doubt	20-04-28	CI
Sotheby's Announces Valentino D. Carlotti Step Down from This Position as Executive Vice President, Global Head of Business Development	19-12-05	CI
Sotheby's Announces Step Down of Kevin M. Delaney as Senior Vice President, Corporate Controller and Chief Accounting Officer	19-11-13	CI
Sotheby's Reports Earnings Results for the Third Quarter Ended September 30, 2019	19-11-12	CI
Sotheby's taps Altice USA executive Charles Stewart as CEO	19-10-28	RE
Sotheby's Announces management Changes	19-10-28	CI
Sotheby's Announces Management Changes; Announces $600 Million Principal Amount of Senior Secured Notes Due 2027	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P 400	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P TMI Index	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P Global BMI Index	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P Composite 1500	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P 400 Consumer Discretionary	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P 1000	19-10-03	CI
Patrick Drahi and his family completed the acquisition of acquire the remaining 98.23% stake that the family does not already own in Sotheby's from a group of shareholders.	19-10-02	CI
Declaration of Voting Results by Sotheby’s	19-09-05	CI
RWC Partners Limited Opposes Sotheby’s Agreed Takeover by Patrick Drahi	19-08-26	CI

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Company Profile

Sotheby's is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby's Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong. The Company operates through two segments: Agency and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. The Finance segment is engaged in art-related financing activities by making loans that are secured by works of art. The Company's advisory services are classified within All Other segment.

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