Tag Archives: LBO

Aramark Files for IPO

Aramark does more than give you a burger and soda at the game or hospital cafeteria, its mission is to “Deliver experiences that enrich and nourish lives.” In January 2007, ARAMARK Corp. completed its merger, pursuant to which GS Capital … Continue reading

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After Dell Pushes Back Record Date for Buyout, Hedge Funds Respond By Buying Dell Shares

Shorter term investors looking for a quick exit now eligible to vote on the Michael Dell/Silver Lake buyout. The much-discussed Dell buyout previous had a record date of June 3, meaning you had to be a stockholder on that day … Continue reading

Posted in Activist Investor, Business Strategy, By the Numbers, Carl Icahn, Elliott Associates, Hedge Funds, Lawsuit, M&A, Private Equity, Shareholder Meeting, Trading Strategy | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Corvex Management and Related Fund Management Declare Victory In Attempt To Oust The CommonWealth Directors.

We’ve covered the CommonWealth REIT saga with Corvex Management LP and Related Fund Management LLC, who are trying to oust the CommonWealth directors. The funds, who together own about 9.6% of CommonWealth, announced that they delivered consents from holders of … Continue reading

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CommonWealth REIT: Marcato Joins Fight With Corvex and Related Fund Over Consent Solicitation At CommonWealth.

Getting the band back together. Last we saw Marcato Capital Management, they had teamed up with Corvex Management to reign down some REIT reorg on Corrections Corporation of America (CXW). Last we saw Corvex Management, they had teamed up with … Continue reading

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CommonWealth REIT to Shareholders: We’ve Considered Your Thoughts On The Matter Of Our Board Of Trustees. Please Note Our Middle Finger.

Shareholders vote against election of trustee, so CommonWealth board members appoint him to fill his own vacancy caused by his own resignation triggered by his own electoral smackdown at the hands of the shareholders. At the annual meeting of the … 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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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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