At first glance, the agreed £1.1bn buyout of Gamma Communications (LON:GAMA) by private equity firm Epiris may look like a victory for shareholders. Epiris is offering £11.20 a share, a ~50% premium to Gamma’s 700p-750p price when talks first emerged earlier this year. The problem is that the ‘premium’ is largely a premium to a … Continue reading Gamma Communications: Why Epiris buyout is a loss for UK market and investors