[linux-audio-dev] [OT] the small size of the audio marketplace

[Paul Davis]

in a second confirmation (post steinberg) of the tiny size of the
audio marketplace:

 Under the proposed transaction, Sun Capital would acquire
 approximately 9.8 million shares of Mackie common stock, or
 approximately 65% of Mackie's total common stock outstanding, through
 the purchase of approximately 7.4 million outstanding shares from
 certain selling shareholders and approximately 2.4 million newly
 issued shares for a total of approximately $10 million in cash.

that puts their valuation of Mackie at about $15.4M. i know that
Mackie is a niche player, not working at the same level as, say,
Gibson or Fender, but they are one of the preeminent trade mixer
makers and they also make some damn cool products. 

!! *products* !! hardware! marketing! people! customers! reputation!

all this could have been yours for a few million :)

of course, there is an interesting question: who are the sellers of
those 7.4 million shares (some 49% of all existing shares)? they
appear to be basically dumping somewhere between half and all their
existing holdings in Mackie. that's quite a sell off.

--p