Tag Archives: acquisition

Let’s Play ‘Spot the Questionable, Small-Time Financial Structure’

Can you guess? I bet you can. Lets see . . . Colorado corporation organized for a completely different business?  Check. Ridiculous capital structure with enormous number of outstanding shares?  Check. Grandiose name?  Check. Lack of assets and revenues?  Check. … Continue reading

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Can You Hear Me Now?* Paulson Joins Schoenfeld In Opposing MetroPCS/T-Mobile Deal

*Yes, I know that is for Verizon, but neither company has such a snappy catchphrase. Paulson & Co., of multibillion dollar mortgage short fame, owns about 9.9% of the MetroPCS outstanding stock, making it the largest shareholder. Paulson sent some static … Continue reading

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Corvex Is At It Again, Targeting Another REIT. This Time: CommonWealth REIT, Tag, You’re It

Corvex and Related team up to take on CommonWealth, and it is getting messy. When we last checked in on Corvex Management (run by a former Icahn protégé), it was busy creating some shareholder value at Corrections Corporation of America … Continue reading

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Compuware Going Private?

After previously sparring with Elliott Associates over a takeover offer, Compuware decides to take its ball and go home.  And invites Elliott Associates. The always awesome Elliott Associates previously made a $3.2 billion bid for Compuware Corporation (CPWR).  The market … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, IPO, M&A, Private Equity, Spinoff | Tagged , , , , , , , , , , , , | Leave a comment

Starboard Value Nudges Office Depot To Create Some Shareholder Value. In Totally Unrelated News, Office Depot to Merge With OfficeMax.

On September 18, 2012, we reported that Starboard Value was having a shredding party with Office Depot (ODP), announcing it owned over 13% of its shares and telling them how to run their business.  ODP closed at $2.59/share that day.  … Continue reading

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Reports of Additional Dell Institutional Shareholders Opposing Proposed Buyout

T. Rowe Price joins Yacktman Asset Management and Pzena Investment Management in voicing opposition. Bloomberg is reporting that T. Rowe Price has joined the chorus of dissent with respect to the proposed Dell buyout, quoting its chairman, Brian Rogers, as … Continue reading

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Dell Responds to Inquiries About Fairness of Proposed LBO; Declares It Awesome

“Upon further reflection, we were right the first time.” Dell Inc. (Dell) responded to inquiries and criticism relating to its proposed going private deal with Silver Lake Partners, Michael Dell, Bank of America, Barclays, Credit Suisse, RBC, and Microsoft participating. Critics, … Continue reading

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Big Shareholder to Dell: “Step off, I’m Doing the Hump. And Your Going Private Offer for Dell is Far Too Low”

Large shareholder objects to LBO price and provides the data. Dell Inc. (Dell) has proposed a going private transacton where Silver Lake Partners and Michael Dell would take the compnay private for $13.65/share.  Bank of America, Barclays, Credit Suisse and … Continue reading

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New Post on Dish Network’s Intentions for Clearwire’s Spectrum Assets Now Available in Our PRO Reports Section

New PRO Report on the Clearwire/Dish/Sprint/Softbank saga is now online. Join now to get our PRO Reports!

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Is the Loan Servicing Industry Where Its At For Investors?

Walter Investment Management Corp. (WAC) has been on a tear since last August after limping along following a gentle decline from 2004 to 2007 and a steep fall in 2007 and 2008, along with the rest of the mortgage-related world. … Continue reading

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