Univision & Entravision stock price on the rise.
March 3, 2006
Since Univision Communications announced their intent to put the company for sale, the stock price at Univision Communications has increased over 10% in a month and a half.
On the other hand, Entravision Communications, a company closely related to Univision Communications, has enjoyed a significant ride this week. Entravision’s stock at the close on Friday was $9.16 or a 26% gain since the announcement of the sale of Univision.
Entravision’s close relationship to Univision, offers unique opportunities for Univision’s suitors or would be the only Univision affiliated company on the stock market should Univision go private when it’s assets are sold.
Based on insiders, institutional investors are betting on something is going to happen to both stocks.
