The buyout firms would also require more information about the company.
The buyout firms had offered shareholders up to 30 percent of the company after it became private.
After all, there is no patent on what the buyout firms know.
Q. So what else have the buyout firms been doing?
What would a leveraged buyout firm want with a book business?
The two buyout firms in this deal are no strangers to the kitchen.
The buyout firm offered to pay more than $15.62 a share and will assume about $800 million in debt.
And with a market capitalization around $44 billion, it would be expensive for a buyout firm.
The buyout firm "has the ability to buy low," he said.
"The focus and intensity are amazing," said a senior figure at a major buyout firm.