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   Strategies & Market TrendsSpeculating in Takeover Targets

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To: Glenn Petersen who wrote (2761)11/5/2015 10:43:31 AM
From: richardred
   of 6084
Glen it seems time for a Starburst of VRX? In a different way . It's starting to remind me TYCO which ended up selling off parts of the company.

P.S. Maybe Bausch & Lomb will trade as a separate company again one day.?

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To: richardred who wrote (4042)11/6/2015 10:38:48 AM
From: richardred
   of 6084
Teradata Sale Is Better Late Than Never

1 Nov 5, 2015 4:29 PM EST
By Brooke Sutherland

Teradata plunged Thursday to a six-year low, and there's one investor who's not sweating it.

Matrix Asset Advisors sold out of its position in the struggling maker of big-data software last quarter after the firm's calls for the company to explore a sale fell on deaf ears. ``They weren't ready to do the things that we thought they had to do,'' said Matrix Chief Investment Officer David Katz.

So Matrix and Katz were spared the disappointment when Teradata slumped 14 percent after slashing its revenue guidance -- again -- for 2015. Teradata now says sales could drop 8 percent this year, which would be the biggest decline ever.

With today's drop, the $3.6 billion company is now trading at about 1.4 times its sales in the last year -- a more than 60 percent discount to the median of its U.S. peers. It hasn't been this cheap since the throes of the financial crisis in 2009.

Enough is enough. Going it alone just isn't working. Teradata's revenue has been pressured as corporations postpone investments in data analytics to evaluate new approaches such as Hadoop, which manages unstructured data such as tweets and videos. Companies have also been fueling more IT dollars toward protecting against cybersecurity threats, which means less room in the budget for other technologies.

While Teradata is projected to start growing revenue again in 2016, it's hard to bank on that for a company that's repeatedly missed estimates and cut guidance. Even if sales rebound as much as analysts are currently forecasting for 2016 and 2017, the gains won't be enough to compensate for this year's decline.

In the right hands, though, Teradata could do a lot better. Its technology is more of an old-school approach to big data, but its products are still in high demand and used by some of America's biggest companies, such as Coca-Cola and Procter & Gamble. That kind of customer list is valuable to a software company looking to stake out a bigger share of the big-data market.

Cisco, Oracle and IBM have all been speculated as possible bidders. Private-equity firms have also shown a liking to aging technology companies, with Compuware, Tibco Software and BMC Software all going to financial suitors.

Teradata is now the third-worst performer in the Standard & Poor's 500 Information Technology Index this year. So it quite literally can't do much worse for its shareholders. There are no prizes for last place, and the company would be better off finding a buyer who can help investors recoup their losses with a takeover premium.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Brooke Sutherland in New York at

To contact the editor responsible for this story:
Beth Williams at

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From: richardred11/9/2015 10:11:44 AM
   of 6084
New buy today on this down day. BLT-Blount International Inc
Not a company that is growing, but shrinking. IMO it can still make headway operating with more efficiency moving forward .

P.S. It was on my watch list and delivered an earnings beat. It's that time of season for splitting and cutting wood. It's easy for me to remember the symbol. A BLT is one of my favorite sandwiches.

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To: richardred who wrote (2945)11/9/2015 1:32:41 PM
From: richardred
   of 6084
RE-entered- TEX TEREX on the weakness today . Fits into my portfolio theme of repairing this country's infrastructure.

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From: richardred11/10/2015 9:53:20 AM
   of 6084
Sold LIFO TG shares to book quick profit on released good earnings.

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To: richardred who wrote (3873)11/11/2015 12:21:57 PM
From: richardred
   of 6084
RE Investing in troubled companies with M&A possibilities. It will be interesting to see if this might be trending this year in M&A I sold troubled TECU -Tecumseh a little to early. Still holding SKY-Skyline

Kroger Further Grows Its Geographic Footprint
24/7 Wall St. By Jon C. Ogg
42 minutes ago


Kroger Co. (KR) has been very well established as a leading grocery store chain in America for years now. Well, Kroger is going to get a tad larger. Roundy's Inc. (RNDY) is now being acquired by Kroger.

What Kroger gets here is a complementary footprint of 151 more stores, and a new geographic print in Wisconsin — and also 34 Mariano's locations in Chicago — and includes Pick 'n Save, Copps and Metro Market banners.

The size of the acquisition is said to be some $800 million, but that is after the assumption of debt. The terms of the agreement were unanimously approved by the boards of directors of both companies.

ALSO READ: America's 50 Best Cities to Live

The $3.60 per share cash buyout price is roughly a 65% premium to the $2.18 close, but that generates only a $177 million market cap, per Yahoo! Finance. After looking at the press releases for the merger and earnings, Roundy's has a tally of $644.87 million in long-term debt and capital lease obligations — and $1.188 billion in total liabilities.

What is interesting here is that Roundy's does have a go-shop provision in the deal. Kroger said that the transaction is not subject to any financing conditions. A company called Willis Stein & Partners and its affiliates, which hold approximately 7% of the outstanding shares of Roundy's common stock, also have agreed to tender their shares, and the deal is expected to close before the end of the 2015 calendar year. That is roughly 50 days.
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Roundy's also operates two distribution centers in Oconomowoc and Mazomanie, Wis., and a commissary in Kenosha, Wis. Roundy's had revenues of nearly $4.0 billion for fiscal year 2014. Here is how that compares to Kroger:

Kroger employs nearly 400,000 associates who serve customers in 2,623 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry's, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith's. The company also operates 781 convenience stores, 327 fine jewelry stores, 1,350 supermarket fuel centers and 37 food processing plants in the U.S.

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To: richardred who wrote (3928)11/13/2015 8:46:40 AM
From: richardred
   of 6084
Is it Monsanto's turn again?
Message 30055640

Syngenta rejects $42 billion ChemChina offer: Bloomberg

2 hours ago

. View photo

Flowers grow in front of Swiss agrochemicals maker Syngenta's logo at the company's headquarters in Basel August 19, 2015. REUTERS/Arnd Wiegmann -

(Reuters) - The world's largest agrichemicals company, Syngenta AG (SYNN.VX), has rejected a $42 billion takeover offer by state-owned China National Chemical Corp, Bloomberg reported on Thursday, lifting Syngenta's shares.

Syngenta is under pressure to boost shareholder returns after turning down a $47 billion takeover offer from Monsanto Co (MON.N) this year. Its chief executive stepped down two months later.

Citing unidentified sources, Bloomberg said the Swiss-based company was still in talks with ChemChina as well as other suitors, and that a deal could be reached within weeks.(

Syngenta's Swiss-listed shares opened more than 11 percent higher and were trading up 7.2 percent at 370.90 Swiss francs by 0521 ET on Friday on news of the takeover approach.

Bloomberg said Syngenta turned down the offer on regulatory concerns, without elaborating.

Asked about the report, a ChemChina spokeswoman said the company had nothing to announce. Syngenta declined to comment.

ChemChina has a 5 percent share of the global crop chemicals through its ownership of Israeli generic pesticides maker Adama. Syngenta's 19 percent market share would catapult it to the industry leader position.

Acquiring Syngenta would help ChemChina further its international expansion ambitions and help to enhance the technological know-how of China, industry experts said.

The company has a history of acquiring interests in Western specialty chemicals businesses.

These include Norwegian silicon business Elkem, French feed additives maker Adisseo, Australian plastics maker Qenos and most recently Italian tyremaker Pirelli.

"Future demand for pesticides globally will stay strong, particularly for a country like China, which is trying to boost grains production," Duan Yousheng, an analyst with China Pesticides Industry Association, said.

"Syngenta has sales channels in over 120 countries and it is a world leader in research, and pesticide sales volume. Only (a)state-owned firm is able to make such offer," he added.

ChemChina's initial offer valued the agricultural chemicals group at 449 Swiss francs per share, or 41.7 billion Swiss francs ($41.72 billion), according to Bloomberg.

Monsanto had proposed the same price in talks with Syngenta's management earlier this year but wanted to pay 55 percent of that in shares of the combined group.

Monsanto in August abandoned a revised cash-and-stock deal proposal that was worth 470 Swiss francs per share.

The value of the bid declined to 433 francs during August as Monsanto's stock price fell amid a slump in global commodity demand that is putting pressure on companies for more economies of scale. Before Friday, Syngenta shares were down more than 8 percent since Monsanto walked away in late August.

Syngenta spurned Monsanto's approaches as "significantly undervaluing the company".

Some shareholders have chided the Swiss group's management for its defensive stance and questioned the company's ability to improve its financial fortunes as demand for agricultural commodities remains weak.

To appease shareholders, Syngenta announced plans in September to buy back more than $2 billion of stock, funding the measure by selling its vegetable seeds business.

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To: richardred who wrote (3814)11/17/2015 12:12:21 AM
From: richardred
   of 6084
Bulls-Eye A 12.50 bid has been received for UNTD/ United Online. A rather stingy proposal. I could be wrong, but I can't see the board accepting the offer as it stands IMO.

United Online Board of Directors Acknowledges Receipt of B. Riley Proposal

November 16, 2015 05:16 PM Eastern Standard Time
WOODLAND HILLS, Calif.--( BUSINESS WIRE)--United Online, Inc. (Nasdaq: UNTD), a leading provider of consumer services and products over the Internet, today acknowledged receipt of an unsolicited proposal from B. Riley Capital Management for a negotiated transaction to acquire all the Company’s outstanding shares. The company issued the following statement:

“United Online’s Board of Directors, in consultation with its financial and legal advisors, will carefully review and evaluate the proposal from B. Riley Capital Management.”

About United Online®

United Online, Inc. ( UNTD), through its operating subsidiaries, is a leading provider of consumer products and services over the Internet, where the company’s brands have attracted a large online audience that includes more than 40 million registered accounts. The Company’s primary Communications service is Internet access. The Company’s Commerce & Loyalty segment provides a complete web, browser and mobile shopper experience through a portfolio of apps, browser extensions and online portals and promotes commerce and other engagement from its loyalty marketing service. The Company’s Social Media segment provides social networking services and products. United Online is headquartered in Woodland Hills, CA, and operates through a global network of locations in the U.S., Germany, and India.

Message 29738851

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From: richardred11/19/2015 12:54:32 PM
   of 6084
Added to MCF to take Tax loss is 30 days. Added to BLT & MNTX.

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To: richardred who wrote (3894)11/23/2015 8:22:00 AM
From: richardred
   of 6084
Pfizer to Merge With Allergan in $160 Billion Deal

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