Monthly Archives: January 2015

Shake Shack Shimmies Up The Charts – Big IPO Debut

We previously mentioned Shake Shack’s IPO filing here. SHAK increased its offering range from $14-16 to $17-19 and ultimately priced at $21, raising $105 million (before expenses and underwriting discounts).  Demand was obviously high for these burger purveyors.  At this … Continue reading

Posted in By the Numbers, IPO, Public Offering | Tagged , , , , , , , | Leave a comment

Shire Rings In The New Year With Deal To Buy NPS Pharmaceuticals For $5 Billion

Shire Brushes Its Shoulder Off and cuts deal for NPS.       In October, Shire’s (Nasdaq – SHPG) ill-fated $52 billion deal with AbbVie died due to hysteria over tax inversions. “The deal is the largest casualty yet of … Continue reading

Posted in M&A | Tagged , , , , , , , , , | Leave a comment

Dick’s Sporting Goods May Be A Private Equity Target

There has been some commentary that Dick’s Sporting Goods may be a good candidate for PE firms and is contemplating an LBO. According to the article, at a premium, Dick’s could be valued at just under $8 billion. Looking at … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Wet Seal In Default On Loans, Closes Stores and Fires Employees

Wet Seal gets (very little) breathing room from lenders, but trouble ahead. It has been tough for clothing retailers as dEliA*s and Deb Stores recently filed for bankruptcy. Is Wet Seal next? Today they announced that the Company was closing … Continue reading

Posted in Bankruptcy, Business Strategy, By the Numbers, Vulture Capital | Tagged , , , , , , , | Leave a comment

American Realty Capital Properties Responds to Corvex Management

Thanks for the attention. Underdisclosed favorite Corvex Management announced some intentions related to American Realty Capital Properties (NASDAQ: ARCP). To ARCP, the intentions were bad. [Corvex believes] that it is beneficial to add representatives of the shareholders to the Board, … Continue reading

Posted in Activist Investor, Corvex Management, Hedge Funds, Shareholder Rights | Tagged , , , , , , , , , , , , | Leave a comment

Some Light On The Xiaomi Valuation

The valuation on the recent financing for Xiaomi got a lot of attention. Here are some facts. Upstart Chinese smartphone maker Xiaomi made some waves recently as its $1.1 Billion funding valued it at over $46 billion. The Wall Street … Continue reading

Posted in Apple, By the Numbers, Earnings Release, Private Placement | Tagged , , , , , , , | Leave a comment

Wall Street Journal: Activist Funds Gearing Up For A Big 2015

Activist investors to continue providing employment support to analysts. WSJ reports that activist investors have raised billions of dollars for campaigns that may take shape in 2015.  For those of us who review companies and deals for investors, we say … Continue reading

Posted in Activist Investor, Elliott Associates, M&A, Uncategorized, William Ackman | Tagged , , , | Leave a comment