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   Strategies & Market TrendsSpeculating in Takeover Targets


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From: richardred10/6/2011 11:51:29 AM
   of 6275
 
New buy today BOLT-Bolt technology
For the New Offshore drilling that might be taking place.
Been on my watch list for some time. Nice balance sheet and high speculative appeal IMO.


Bolt Technology Corporation owns Seabotix, Inc., a California company.

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To: richardred who wrote (2825)10/6/2011 1:47:01 PM
From: richardred
   of 6275
 
May you sail above the Clouds in peace today Steve. I envey your true vision.

I even bought yourt stock just after the IPO. I even made a few bucks off of it. Little did I know how great you would re-invent your co founded company. I think Apple will need to buy from the outside now.

youtube.com

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To: richardred who wrote (2894)10/7/2011 2:56:16 AM
From: richardred
   of 6275
 
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIII NEW FEATURE III TAKEOVER APPEAL III In the SITT Header -ON A SCALE OF 1 TO 10
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
-TEX is a 6 in takeover appeal.

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To: richardred who wrote (2895)10/7/2011 3:02:11 AM
From: richardred
   of 6275
 
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIII NEW FEATURE III TAKEOVER APPEAL III In the SITT Header -ON A SCALE OF 1 TO 10
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
Bolt technology. IMO Bolt gets a 8.

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To: ~digs who wrote (2847)10/7/2011 10:20:48 AM
From: richardred
   of 6275
 
Dave Nice call on SWTX as a SITT pick. That was quick. Almost to quick. I just had it on my watch list. Got any more names :+ ). I'm like an elephant when it come down to SITT names. Like they say, an elephant never forgets. I wish I had bought some 40% + premium.

UPDATE 1-Solutia buys Southwall Technologies for $113 mln

Fri Oct 7, 2011 9:18am EDT

* Deal at a premium of 45 percent

* Tender offer to close before Oct. 25

<SPAN class="articleLocation">Oct 7 (Reuters) - Specialty chemicals maker Solutia Inc said it will buy sun-control film maker Southwall Technologies Inc for about $113 million in cash.

Solutia will pay $13.60 each Southwall share, at a premium of 45 percent to Southwall's Thursday close.

The acquisition will provide Solutia access to Southwall's V-Kool premium window films technology.

The deal will be funded by Solutia from existing cash on hand.

reuters.com

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To: richardred who wrote (2899)10/7/2011 10:35:24 AM
From: ~digs
   of 6275
 
many years in the making

can't think of any others, but I will chime in if I do

cheers :-)

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To: ~digs who wrote (2900)10/7/2011 10:37:40 AM
From: richardred
   of 6275
 
Well being 1 for 1. Please do, but give me more time next time.:+ )

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To: richardred who wrote (2888)10/9/2011 9:04:44 PM
From: richardred
   of 6275
 
IMO- Poly-One and SHLM will have an advantage of being there for customers first. It also ups the speculative appeal of both on the news. Especially among The big Euro chemical giants.

Dow, Saudi oil company sign accord for $20B plant
Dow Chemical, Saudi oil company sign accord advancing $20B chemical plant in Saudi Arabia
ap

FILE - In this Sept. 22, 2011 photo, Andrew Liveris, Chairman and CEO of Dow Chemical, speaks at the Clinton Global Initiative, in New York. Dow Chemical Co. and the Saudi Arabian Oil Co. said Saturday, Oct. 8, 2011, that they signed an agreement that advances their plan to build one of the world's biggest chemical plants in Saudi Arabia. The $20 billion complex is expected to begin production in 2015.

Dow Chemical Co. and the Saudi Arabian Oil Co. said Saturday that they signed an agreement that advances their plan to build one of the world's biggest chemical plants in Saudi Arabia. The $20 billion complex is expected to begin production in 2015.

The two companies agreed to a joint venture for Sadara Chemical Co., which will own the plant being built in the desert kingdom. The companies estimate it will generate about $10 billion in revenue annually within a few years of operation.

Dow and Saudi Aramco together are investing about $12 billion, and a portion of Sadara will be sold to shareholders in a public offering in 2013 or 2014. The complex, with 26 manufacturing units, will be the largest integrated chemical facility ever built in one go, the companies said.

It will make chemicals and plastics for the energy, transportation and consumer products industries. The companies are looking to sell the products in fast-growing markets such as China, the Middle East, Eastern Europe and Africa. Once completed, the complex will have capacity to produce 3.3 million tons a year of chemical products for use in an array of items including auto parts and food packaging.

Dow and Saudi Aramco, which is owned by the kingdom's government, announced in July that their boards had authorized them to set up the joint venture for the plant in Jubail Industrial City. The site is 60 miles (100 kilometers) northwest of the eastern Saudi city of Dammam.

Dow, based in Midland, Mich., will have access to Saudi Arabia's relatively cheap hydrocarbons, which will be used to make chemicals at the plant. The company has adopted a strategy of moving away from its basic plastics business and toward specialty materials used in consumer electronics and other products.

For Saudi Arabia, the plant will bolster its push to diversify its industrial base, reducing reliance on oil production, the companies said. The Sadara project and related investments are expected to produce thousands of new jobs, they said.

finance.yahoo.com

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To: richardred who wrote (2902)10/9/2011 11:26:24 PM
From: richardred
   of 6275
 
Chemical M&A Grinds to Slowest Pace Since 2009 on Growth Concern The pace of mergers and acquisitions in the $3.1 trillion chemical industry slumped to the slowest since 2009 in the third quarter, quashing earlier predictions that the year may be a record.

The value of global chemical transactions announced in the three months through September fell 64 percent to $6.46 billion from the second quarter and slumped from $48.5 billion in the year-earlier period, according to data compiled by Bloomberg. That’s the lowest volume since the fourth quarter of 2009, the data show. The average transaction size fell 59 percent to $89 million from the preceding period.

Europe’s debt woes have led to a pause in multi-billion- dollar deals. BASF SE (BAS), which announced a $5 billion bid for Ciba the day Lehman Brothers collapsed in 2008 and paid $3.8 billion for Cognis last year, is focusing on debt reduction. The quarterly drop may be a blip as CEOs have more robust balance sheets and are still keen to do deals, said Ariel Levin, a partner at Valence Group. Asian companies are among those hunting for assets in the west, he said.

“The private equity and mega deals are going to be put out for a little bit,” said Levin. “CEOs feel much more confident that then they did during the 2008 crisis period.”

Morgan Stanley headed the advisers’ league table for the third quarter, working on three transactions for a total value of $2.31 billion, including the largest deal announced, Lonza Group AG (LONN)’s planned purchase of Arch Chemicals Inc. (ARJ) for $1.35 billion. JPMorgan Chase & Co. (JPM), which led in the first half, now holds the No. 3 spot for the first nine months, behind Credit Suisse Group AG and second place Morgan Stanley.

IPOs Delayed An initial flurry of deals set the stage for a potential record this year. The tally in the first half approached the pace of the same period in 2007, when deals rose to a high of $131 billion for the full year. Among this year’s biggest transactions are Berkshire Hathaway Inc.’s purchase of Lubrizol Corp. (LZ), an engine additives maker, for about $9 billion. DuPont Co. acquired food-ingredients maker Danisco A/S for $7.1 billion in January.

A drop in equity markets, caused by concern that Europe is struggling to contain a debt crisis, is also weighing on sentiment among those companies seeking to go public. Evonik Industries AG, which had planned to carry out Germany’s biggest initial public offering in a decade by now, has delayed its share sale until markets improve. Refractory metals and chemicals maker HC Starck GmbH also shelved a planned IPO.

Thrifty Lanxess CVC Capital Partners Ltd. has had to make a renewed push to sell its Belgian amine derivatives maker Taminco after failing to agree on a $1.3 billion deal with German specialty chemicals maker Lanxess AG (LXS), four people familiar with the situation said last month.

Lanxess has strict internal guidelines on finding takeover targets and is determined to maintain financial discipline and not overpay for assets, CEO Axel Heitmann said on Aug. 11.

“Transactions may have been thwarted but postponing is not walking away,” said Wolfgang Falter, a managing director overseeing chemical transactions at consultancy AlixPartners. “One can assume this is just deals being put off rather than a general structural shift in strategy.”

Deal flow is set to continue as there is pressure on companies to divest businesses in areas where they lack leadership positions and valuations of targets are also being dragged down by the market slump, said Levin, one of a group of former Bear Stearns investment bankers that went on to found Valence Group. Valence has advised on about 11 transactions in almost as many months.

Cash Pile Saudi Basic Industries Corp. (SABIC) is among those hunting for assets, as are European chemical companies Royal DSM NV, Lanxess and Symrise AG. (SY1) TFL Holding GmbH, a German maker of chemicals for the leather industry, hired Swiss investment bank Leonardo & Co. to find a buyer for the company that may be worth at least 200 million euros ($277 million), three people familiar with the situation said Sept. 9.

In Europe alone, chemical companies were sitting on about 29 billion euros in cash at the end of the second quarter, up from 16.5 billion euros two years earlier, Bloomberg data show.

“Very few CEOs that were considering acquisitions six months ago are showing less appetite now,” said Valence’s Levin. “CEOs feel much more confident that then they did during the 2008 crisis period. Heading into 2012 we’re bullish.”

To contact the reporters on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net; Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

bloomberg.com

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From: richardred10/9/2011 11:58:08 PM
   of 6275
 
Backyard company for me. Paetec might be a good gamble arbitrage play. I will pass however.

PAETEC shares signal potential bidding war
12:54 AM, Oct. 8, 2011 |

The PAETEC purchase price may be going up.

Friday marked the second consecutive day in which shares of PAETEC Holding Corp. were going for more than the value of the shares Windstream Corp. is offering in its planned takeover of the telecom company.

That points to investors seemingly expecting a bidding war. The expectation likely was triggered by an analyst from FBR Capital Markets earlier this week saying Level 3 Communications Inc. would make more sense as owner of PAETEC.

Windstream and PAETEC announced on Aug. 1 a deal that has Windstream offering PAETEC shareholders 0.46 of a share for each PAETEC share they own. Windstream closed Friday at $11.24, which would make its offer worth $5.17 a share. But PAETEC closed Friday at $5.33.

MDANEMAN@DemocratandChronicle.com

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