We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsSpeculating in Takeover Targets

Previous 10 Next 10 
To: richardred who wrote (3865)6/11/2015 1:32:50 PM
From: richardred
   of 7071
Permira Buys PopCorners as Dealmakers Remain Hungry for Healthy Options

Campbell Soup and ConAgra have also made better-for-you food deals recently
By Allison Collins

June 10, 2015

As dealmakers continue to crave better-for-you snack deals, private equity firm Permira is buying Medora Snacks LLC and Ideal Snacks Holding Corp.

Medora, headquartered in Middletown, New York, makes PopCorners, PopCorners Whole Grain, Pop Crinkles and popped bean chips. Liberty, New York-based Ideal is a contract manufacturer for popped snacks. Terms of the deal were not disclosed.

London-based Permira will combine the two companies into one holding company called BFY Holdings I LLC, based in New York. Since 1985, Permira has raised more than $28 billion and invested in more than 200 companies. In October, Permira agreed to sell specialty chemicals maker Arysta LifeScience Ltd. to Platform Specialty Products. In March 2014, the firm sold Renaissance Learning to Hellman & Friedman. The firm's other portfolio companies include, Dr. Martens, LegalZoom and Telepizza.

In the food sector, dealmakers are mirroring consumers as they shift their choices towards healthier snack options.

"We are in the midst of a seismic shift within the food industry in which consumers are actively seeking out healthier snack products while not sacrificing taste," says Permira partner John Coyle.

Recent better-for-you food deals include Campbell Soup Co.'s (NYSE: CPB) acquisition of Garden Fresh Gourmet for $231 million, announced on June 9, and ConAgra Foods Inc.'s (NYSE: CAG) purchase of organic frozen meal business Blake's All Natural Foods. For more on the trend, see Snack Time.

P.S. Message 29439856

Share RecommendKeepReplyMark as Last Read

To: richardred who wrote (3954)6/11/2015 6:18:24 PM
From: richardred
   of 7071
Twitter Ceo to resign! On the Street link. My SI link tells how Yahoo could avoid the tax . :+ )

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: richardred who wrote (3936)6/11/2015 6:48:51 PM
From: richardred
   of 7071
The mega phone strikes-Cramer: The right time to buy Twitter.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: richardred who wrote (3964)6/14/2015 4:35:26 PM
From: richardred
   of 7071
An oldie that IMO might be coming to fruition.

Levenson snip> "Honestly, I think Twitter should go buy Yahoo," Levinsohn said. "If you separate Yahoo into the two businesses it really is -- a tracking company and an operating company -- if you put Twitter and Yahoo together, it would be the most powerful force in the media business."

SunTrust Snip >analyst Robert Peck, who predicted late last year that Twitter CEO Dick Costolo would leave the company this year and named Levinsohn as a candidate to take over the company.

Biz Break: Twitter soars after talk of Yahoo acquisition
By Jeremy C. Owens

Posted: 01/06/2015 03:35:22 PM PST 4 Comments | Updated: 5 months ago

FILE - A worker walks into Yahoo headquarters in Sunnyvale, Calif., in this July 29, 2009 file photo. (Paul Sakuma/AP photo)

Today: After former Yahoo interim CEO talks up an acquisition of his former company by Twitter, the San Francisco microblogging site's stock jumps. Also: Report claims Apple Watch to debut in March.

The Lead: Former Yahoo CEO says Twitter should buy Yahoo

Twitter stock soared Tuesday after former interim Yahoo CEO Ross Levinsohn suggested that the San Francisco social-networking company should buy Yahoo.

Twitter shares gained 6.5 percent to $38.76 Tuesday, easily the biggest jump in the SV150 -- the next largest percentage gain was 2.3 percent by Rocket Fuel, and no other major Silicon Valley tech company added more than 2 percent on the day. Most of Twitter's gains came in the afternoon session, after Levinsohn told CNBC that he believes Twitter should buy the core business of Yahoo.

"Honestly, I think Twitter should go buy Yahoo," Levinsohn said. "If you separate Yahoo into the two businesses it really is -- a tracking company and an operating company -- if you put Twitter and Yahoo together, it would be the most powerful force in the media business."

The comment came in discussion about a suggestion from SunTrust analyst Robert Peck, who predicted late last year that Twitter CEO Dick Costolo would leave the company this year and named Levinsohn as a candidate to take over the company. Later Tuesday, Peck put out a note in response to Levinsohn's suggestion, calling the idea "intriguing" and offering reasons it would be a beneficial pairing, such as synergies between Twitter and Tumblr.

"To be clear, this is merely a hypothetical scenario suggested on a media outlet at this point," Peck noted, before breaking down the convoluted financial mechanics such a move would need.

To make such a deal work, Yahoo would have to spin off its Asian assets, Peck wrote, leaving the company's core business plus about $9 billion in cash, mostly from its Alibaba IPO proceeds. After that move, Peck suggests Yahoo could command a $12 billion acquisition price, without accounting for the extra $9 billion in cash the company holds -- combining those two figures comes close to equaling Twitter's full market capitalization, which neared $23 billion with Tuesday's pop."While Twitter could apply a good portion of its cash toward the deal, it would need to raise more debt or a significant component of equity in any potential transaction," Peck determined.

Levinsohn played down any interest in the Twitter CEO position, applauding Costolo's work and mentioning Twitter executive Adam Bain as a potential in-house replacement. The Wall Street Journal later reported that Levinsohn had talked with Bain about a Yahoo-Twitter mobile partnership during Levinsohn's short rein as CEO of Yahoo.

Levinsohn was passed over for the permanent CEO position at Yahoo for Marissa Mayer, who has faced heat from investors for failing to resurrect the Internet giant in her two years at the helm. Fortune reporter Dan Primack noted that the entire wild scenario laid out by Levinsohn and Peck would result in Levinsohn running Yahoo after all.

There is nothing concrete to indicate Twitter is actually considering an acquisition of Yahoo -- it seems to be a fanciful acquisition scenario bandied about by analysts and outsiders, similar to last year's talk of Google purchasing eBay or unsubstantiated rumors of an Apple bid for Tesla Motors. In fact, there is another possible reason for Twitter's big Wall Street jump Tuesday: Rumors that activist investor Carl Icahn will buy Twitter stock and agitate for the company to be acquired by Google or Facebook. Again, there is little actual fire underneath that smoke, as the talk seems to be a result of a baseless 2015 prediction from a writer at The Street.

Yahoo also gained Tuesday, adding 0.2 percent to close at $49.21 and give the Sunnyvale company a market cap of more than $46 billion, double Twitter's current Wall Street valuation.

SV150 market report: Tech stocks sink as Apple reportedly plots Watch debut

Gains from Twitter and Yahoo couldn't boost tech stocks overall, as Wall Street continued to reel from the recent decline in oil prices and the tech-heavy Nasdaq plunged the most out of the three main Wall Street indexes.

Apple couldn't help boost Silicon Valley stocks, adding just a penny to close at $106.26 amid reports about its next wave of product releases. 9to5Mac's Mark Gurman dropped two reports of approaching Apple debuts Monday, including a prediction that the Apple Watch will begin selling in March. Gurman reported that representative from Apple's retail stores will visit the company's headquarters in Cupertino or its Austin, Texas, offices to receive training on selling the smartwatch in early- to mid-February in advance of a March launch, mirroring earlier reports of a spring launch. Gurman also reported that Apple plans to redesign its MacBook Air laptop this year and get rid of full-sized USB ports and SD card slots, which would follow the company discarding built-in optical-disc drives.

Google dropped 2.5 percent to $506.64 while plotting its future in televisions: The company is working with TV networks to help them sell video ad time through the Mountain View company's system, while completely jettisoning the Google TV effort for the new Android TV offering. Cisco dropped a penny to $27.05 while working with Charter on cloud cable-television delivery, and eBay fell 1.3 percent to $55.02 while naming a new board member from the TV industry. Gilead Sciences gained 0.9 percent to $97.65 after announcing the acquisition of a drug program aimed at liver diseases not caused by alcohol, and Yelp dropped 0.2 percent to $52.44 before declaring that the FTC investigation into its business practices has been closed with no action.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: richardred who wrote (3966)6/14/2015 4:45:17 PM
From: richardred
   of 7071
Apple/Twitter anyone? Google needs a new fixer upper project.

With Costolo Out, a Sale Might be Next for Twitter

As Twitter struggles to reinvent itself after the departure of chief executive Dick Costolo, the path forward might include a sale.

Twitter’s departing chief executive Dick Costolo hasn’t even left the building, and already some tech experts are talking takeover. Costolo announced Thursday he will step down July 1.

Of course, Twitter takeover talks are nothing new. Since the social media microblogging site went public in 2013, it has produced less than desired results for shareholders, including tepid user growth and earnings. But the company still has incredible value as one of the premier social media properties, and could find a happy home within a much larger company.

Here’s what Deutsche Bank had to say in a research note, out Thursday:

While most investors were eager to see CEO Dick Costolo step aside, we think he deserves much credit for scaling the business from $3B in value to over $25B over his six-year tenure, a feat few others in consumer internet can match. Further, the CEO dislocation coupled with no super-voting share structure, a board somewhat on the defensive, lots of potential asset value, and the current environment of cheap money--leads us to think [merger and acquisition] from a strategic [perspective] just became slightly more possible.

Deutsche Bank notes that, unlike Facebook and other tech peers, Twitter lacks a two-tiered common stock structure, which was the subject of a proxy vote at Facebook on Thursday. An absence of such a structure, makes Twitter an easier takeover target, some argue, because owner control is less concentrated.

The $100,000 question is who would bite. Here are some possibilities:

  • All eyes turn to Apple, which has the money. But it might not crack open its $178 billion hoard to fork over $33 billion for Twitter, its current valuation. True in 2013, it acquired social media analytics company Topsy Labs for $200 million. But social media does not appear to be a strong strategy for the consumer electronics maker.
  • More theories swirl around Google, with which Twitter recently inked a deal to rank tweets in Google searches. A mashup with Google Plus could bolster its own flagging social media endeavors.
Venture capitalist Ross Fubini, a partner at Canaan Partners, in Menlo Park, California, says the two companies have a lot better synergy elsewhere. And Twitter could ultimately become a network through which Google could serve its massive advertising inventory.

“The powerful thing about Twitter is the fact that it is a network for connecting consumers,” Fubini says, adding it has additional value as a destination replete with brands and celebrities. That could also make it appealing to a traditional media company such as Time Warner.

  • And then there’s Facebook. The company has $11 billion in cash on hand, and it’s shown an appetite for expensive purchases, such as its 2014 acquisition of mobile messaging application WhatsApp for $19 billion. And the two have reportedly been in talks before, which broke down over price, the first time in 2008 when Twitter had a valuation of a mere $500 million. More recently, price appears to have been a sticking point as well.
  • Don’t count out Microsoft either. The software company has shown more interest recently in hardware companies like Nokia, for which it paid $7.2 billion in 2014. But its 2012 acquisition of Yammer, known as the “Facebook for business,” for $1.2 billion shows it has some interest in social networking.

Finally, a merger of Yahoo and Twitter might be possible. “If you put Yahoo and Twitter together it would be the most powerful force in the media business,” former Yahoo chief executive Ross Levinsohn said in January. Who would buy whom is a matter of some debate, but Levinsohn said the two companies held informal talks about ways to combine the two media businesses in 2012.

In the short term, however, what’s likely to happen is that Twitter will bring on a new chief executive, and one with product development experience similar to Yahoo chief executive Marissa Mayer, technology experts say, and then look to sell itself after building audience share and active viewers. Speculation has swirled around an acquisition by Twitter of Flipboard, the social magazine app, which would give Twitter access to CEO and tech entrepreneur Mike McCue, also a former Twitter board member.

“McCue would be exceptional, and a great outcome for Twitter,” Fubini says.

Published on: Jun 12, 2015

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: richardred who wrote (3934)6/14/2015 4:51:48 PM
From: richardred
   of 7071
RE-A CAT / MNTX speculation After all they know ASVI real well.

Cat CEO-“We’ve got a number of very small growth opportunities that we are looking at,” he said. In 2015, “we’ll probably do a couple of those but in terms of anything big it’s a pretty small chance.”

Snip.“We’ve got lots of capital to deploy, which I would rather use growing the business if we possible can,” Doug Oberhelman, chairman and chief executive officer, said today on Bloomberg Television’s “In the Loop with Betty Liu.”

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Glenn Petersen who wrote (3951)6/14/2015 5:02:23 PM
From: richardred
   of 7071
I always like looking historically , before and sometimes after the fact. A acquisition in the group by a competitor sometimes gets the juices flowing in the group.

Here's why chipmaker Avago is reportedly looking at potential acquisitions

Look for consolidation in the chip market to continue.

Avago Technologies, a chip company formed after the spin out Agilent’s chip division, is seeking to expand its business with the acquisition of another semiconductor firm and has explored deals with Xilinx, Renesas Electronics and Maxim Integrated Products, according to a story in Reuters. The story cites people familiar with the matter and says Avago could spend up to $10 billion on the deal.

Avago makes a variety of analog and mixed-signal chips used in automotive, industrial and communications applications. It also makes custom-designed chips known as ASICS which would explain the interest in Xilinx, which makes custom-designed chips that are also programmable. The types of chips that Xilinx makes are gaining ground in data centers as companies like Microsoft and Facebook are trying out custom and programmable chips for certain types of changing computing jobs.

Reuters notes that Avago has also spoken to private equity firm Silver Lake Partners LP about partnering in a potential acquisition. Silver Lake has a long history with Avago, having helped create the company when it purchased the Agilent chip assets along with KKR & Co LP in 2005. It also has a seat on Avago’s board, but no longer has a stake in the company.

Avago is not the only chip firm looking for deals. The industry is experiencing a wave of consolidation as several trends converge. In the data center, there are fewer customers as more computing power is held in the hands of the large cloud computing providers and giants in the industry. They are designing and building their own equipment, causing pressure in the server manufacturing space, as well as dictating their semiconductor specifications and needs. This began in computing, but it will trickle down into components and communications gear as well.

In the industrial and consumer world, the Internet of things is pressuring chipmakers in a number of ways, even as it represents a huge opportunity to sell more silicon into more devices. Companies are trying to integrate microcontrollers and radios and sensors all on one chip, which means they are buying firms to bring that expertise in house. We’ll see more deals like NXP’s $11.8 billion planned buy of Freescale or Qualcomm’s $2.5 billion acquisition of Bluetooth radio firm CSR.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: richardred who wrote (3923)6/14/2015 5:18:32 PM
From: richardred
   of 7071
IMO I hypothetically think TDC would still be a safe acquisition for HP. Granted it's not growing and loosing business, but it has has some niche acquisitions of its own as it tries to combat the loss of business. However it still has a great customer base IMO and a very profitable business. A HP in charge could possibly integrate an overlapping customer base or bring in new business from an existing customer base.

Hewlett-Packard Company (HPQ) Looking For Acquisitions
It might be a blessing in disguise for Hewlett-Packard Company (NYSE:HPQ) as it readies itself for a split from November 1, but the company is on the prowl again for acquisitions. The move would allow the company to engage in acquisitions, which it has been shunning for quite a long time. That was mainly because of the $11 billion Autonomy Corp, tie-up disaster. The lesson learned from it would be still in the memory of the management and would make them more cautious.

Focus Areas(NYSE:HPQ) CEO, Meg Whitman said that the company would focus on next generation data-center equipment and data storage for acquisitions. She said that the company recently initiated steps to boot up a venture investment program that would enable them access hot Silicon Valley startups. She said that they have a chance to provide significant changes. Therefore, the company might either acquire them or provide investment in it. Alternatively, it would integrate them into its solutions.

In respect of hardware, Whitman said that the company acquired Aruba and that it may be interested in some small storage firms. In response to a question on matched-and-tuned hardware packages, she said that there might be some converged infrastructure.

Restructuring Costs

Hewlett-Packard Company (NYSE:HPQ) has already indicated that it would be spending about $3 billion towards structuring of expenses as the deadline for spin off is nearing. The company is in the process of laying off of 55,000 jobs and the chances of more to follow.

The spin-off is expected to be better for both the divisions since they would be focusing on the separate agenda. Whitman said that both the companies would develop different cultures over the time. However, there would not be any changes in its core values. There would be optimization of funds generated and deployed within the companies that would enable them to perform better.

Sanford C Bernstein & Co. analyst, Toni Sacconaghi, said that Hewlett-Packard Company (NYSE:HPQ) commands a good brand value. The company’s scope is wider than the other companies and that would remain a key advantage in the market place.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Cautious_Optimist who wrote (3935)6/14/2015 5:23:43 PM
From: richardred
   of 7071

JBS changes mind, will seek acquisitions in 2015

Australian Chicken Meat Federation

JBS CEO Wesley Batista said the company will pursue the acquisition of more poultry or pork companies in 2015.

From WATTAgNet:

JBS SA, a Brazil-based meat and poultry company, has changed its mind about not pursuing acquisitions in 2015, with the company’s CEO stating that JBS is in fact looking for acquisition opportunities in North America, South America and Australia.

JBS CEO Wesley Batista on May 20 stated the company will “for sure” be looking at potential acquisitions in the chicken and pork sectors, as well as the packaged food sectors, according to a Reuters report.

Batista’s comments are a direct departure from what he said during the JBS quarterly earnings call on March 11, when he said the company would not pursue acquisitions in 2015, and instead focus on organic growth, with a particular emphasis on finalizing its acquisition of Australian processed foods maker Primo Group, growing its U.S. pork operations and processed foods division. JBS announced its pending purchase of Primo Group in November 2014.

At the same time JBS announced its intent to purchase Primo Group, the Brazilian-based meat and poultry company also revealed its plans to acquire Big Frango for an estimated BRL430 million (US$165.8 million).

JBS recently revealed its financial results for the first quarter of fiscal year 2015, with a net income of BRL1.394 billion (US$461.6 million), up dramatically from the BRL70 million (US23.2 million) the company achieved in the first quarter of fiscal year 2014.

Share RecommendKeepReplyMark as Last Read

To: richardred who wrote (3803)6/14/2015 5:36:08 PM
From: richardred
   of 7071

Amaray to spend 'millions' on acquisitions

European injection molding specialist Amaray is looking to buy complementary businesses in a bid to expand the business. The Corby, England-based company, which has two plants in the United States, has defined targets for growth within fast-moving consumer goods markets.

Amaray EU managing director Jamie Tinsley said in a news release: “We are particularly looking to acquire plastic injection molding manufacturers already supporting major brands to whom innovation, development and outstanding customer experience is key.”

Amaray has already issued what it called a “challenge” to the packaging industry, its packaging technologists, engineers and EU brand owners to allow Amaray to reverse-engineer current plastic packaging and show how Amaray’s experience and capabilities could add help customers.

Marketing manager Neil Pentecost told PRW that the firm has “millions” to spend on new purchases, with the firm looking to target smaller injection molding companies and possibly blow molding firms to complement its current offering.

Pentecost added that the firm has also restructured its management team.

“Previously we were run by three or four senior managers,” said Pentecost. “Now we have a management team of 12, from all departments of the business, which includes production, marketing and finance.”

Amaray is part of ASG Worldwide, which is owned by investment firm Atlas Holdings LLC of Greenwich, Conn. The company claims to be Europe’s largest manufacturer of DVD boxes, and it also serves the personal care, home care, food packaging, pharmaceutical and specialty molding markets.

Amaray has molding plants in Corby; Pittsfield, Mass.; Elizabethtown, Ky.; and Freden, Germany.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10