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Tag: buyout
European regulators clear Siemens' buyout of Dresser-Rand
2015-06-29 15:01:52| Industrial Machines - Topix.net
" European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand. The German electronics and engineering company is beefing up its global oil and gas and power generation businesses, seeing growth opportunities in Dresser-Rand's portfolio of compressors, steam and gas turbines and engines.
Tags: clear
european
siemens
regulators
Fidelity makes buy-out offer for Colt
2015-06-19 09:04:00| Telecompaper Headlines
(Telecompaper) Colt's largest shareholder Fidelity Investments has made an offer to take the European carrier private. However, Colt's independent shareholders said the bid of 190 pence per share undervalues the group, and a sale to a third party could achieve a higher price. Colt said the directors' assessment was based on its new business plan, which has been provisionally approved by the board and further details of which will be announced soon. While the independent directors, having been so advised by Barclays, consider the financial terms of the offer not fair to the shareholders of Colt, they also recognised that some shareholders may be interested in accepting the bid. Accordingly the board has made no recommendation to shareholders whether or not to accept the offer. Furthermore Fidelity has stated that it will not sell its shares in Colt before the end of 2016, so the immediate offer to cash-out may appeal to some shareholders. As a result Colt's board said it would convene a meeting of shareholders to consider the offer. Fidelity said its offer gives shareholders a premium of 35 percent on the average share price in the past year. In total its offer values Colt at GBP 1.72 billion.
Tags: offer
makes
fidelity
colt
JAKKS Pacific's Share Price Will Soar As Buyout Pressure Mounts
2015-06-09 13:00:00| Toys - Topix.net
On Wednesday afternoon, an SEC filing disclosed that Oasis Management had purchased a 12.2% stake in JAKKS Pacific. We believe Oasis will pressure management to sell the company.
Tags: price
share
pressure
mounts
2 Paper Industry Buyout Candidates With Activist Backing
2015-06-03 17:33:55| Paper - Topix.net
Spinning off real estate and forming REITs is a top play in the activist playbook. In a way, they are the new MLPs, where last year there was a lot of excitement in the paper industry - the idea being that these companies could spinoff paper mills in to an MLP structure.
Tags: paper
industry
candidates
backing
The Wall Street Journal: Safeway to pay hedge funds $44.50 a share to settle buyout suits
2015-06-02 20:13:20| Grocery - Topix.net
Safeway Inc. will pay a group of investment funds about 27% more than other shareholders received when the grocery chain was sold to private-equity-backed Albertsons earlier this year for $7.6 billion, a big win for hedge funds that challenge deals in court. Albertsons will pay three funds, which owned about 6% of Safeway stock, $44.50 a share in cash, or about $134 million more, as part of a court settlement in a buyout-related lawsuit, according to people familiar with the matter.
Tags: share
street
pay
journal
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