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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.1700.0%Dec 1 12:00 AM EST

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To: E_K_S who wrote (5444)8/18/2019 4:14:11 PM
From: richardred  Read Replies (1) of 6101
 
]>Do you recall who they sold their wood pellet company too? Off hand I don't recall. As I recall in a PR or SEC filing. They had a partner and they sold the interest back to the the partner without taking a write down. Assuming they paid down some debt with proceeds and maybe a reason for the LTD disparity in your figures.

Closure of Arkansas Wood-Pellet Plant Agreements

During second-quarter 2018, Astec and Highland Pellets, its wood-pellet plant customer in Arkansas decided to exit the Arkansas wood-pellet plant agreements. Per the terms of this agreement to exit the contract, Astec will pay $68 million in cash and forgive approximately $7 million in receivables. In exchange, Highland has agreed to release all of Astec's contractual obligations related to the Highland wood-pellet plant. Thus, Astec has redefined its wood-pellet plant strategy and plans to serve as an equipment supplier to the pellet industry, but will no longer finance plants or act as an Engineer, Procure, Construct (EPC) contractor.


nasdaq.com

I was not familiar with MDU resources till you mentioned it. I've longed looked at GCOR, but never bit. MNTX has been a past big winner for myself. It owned part of ASV with TEX. What I find interesting after my MNTX exit. Manitex Int'l (MNTX) $32.7 Million Equity Investment by Tadano. The company is still leveraged, but in better shape then when I first started making purchases. Because of the ASV acquisition. It's on my radar again. Just recently thinking Tanano might want the rest of MNTX?

Manitex Int'l (MNTX) Makes $32.7 Million Equity Investment by Tadano.

streetinsider.com

Tadano Ltd. is the largest Japan-based manufacturer of cranes and aerial work platforms. The company is the seventh largest crane manufacturer in the world.
Source -Wiki

ASV bought by a Japanese company Yanmar Holdings. MNTX trading at about 50% lower than Tadano initial equity investment.
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