Tag Archives: M&A

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

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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

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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

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Zynga Ride Continues With Acquisition Of Mobile Gaming Company And More Layoffs

Zynga sees surge after news of acquisition and layoffs and earnings release. NaturalMotion acquired by Zynga Yesterday, Zynga announced that it had acquired NaturalMotion, a creator of mobile games and animation software. Zynga will pay $391 million in cash and … Continue reading

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Clinton Group Increases Overland Storage Stake Ahead of Merger

Clinton Group ups the ante, helping out Overland Storage where they can. Underdisclosed.com favorite Clinton Group, Inc.was a major shareholder in Overland Storage, a maker of data storage products. As of September 2013, Clinton held about 2.9 million shares and … Continue reading

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Corporations Giving Board Seats to Activist Investors, Says WSJ

In fights with dissidents, corporations are giving corporate board seats to the insurgents as long as management appointees get to keep their seats, says the Wall Street Journal($). Why are we writing about it?  Because two of the examples are … 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

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Aspect Software to Acquire Voxeo To Bolster Leadership In Outbound Contact Center And To Use The Word “Cloud”

At last six times in the press release, which served up additional ads mentioning “Cloud.” Well done. Aspect Software announced it is acquiring Voxeo Corporation in a $150 million merger. Aspect is a “leading provider of fully-integrated customer interaction management, … Continue reading

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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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