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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (4050)11/25/2015 10:42:46 AM
From: richardred
   of 6084
 
RE:UNTD The offer was rejected as I expected.

United Online considering a sale of the company after rejecting B. Riley offer. United Online an online provider of consumer products and services, said it is reviewing alternatives, including a sale of the company or its assets, against the progress of its business plan as a standalone business. The company has retained JMP Securities as a finanical advisor during the review process. United Online unanimously rejected an unsolicited bid from B. Riley Capital Management of $12.50 per share for all of the stock it doesn't already own, believing that the offer undervalues the company. United Online said, as of Sept. 30, it had about $180 million in capital losses and $87 million in federal net operating loss carryforwards. One alternative would be using that to offset taxes. United Online shares are down 24.3% for the year so far. The S&P is down 1.5% for the same period.

marketwatch.com








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To: richardred who wrote (4045)11/25/2015 12:29:41 PM
From: richardred
   of 6084
 
Added to BLT today. They sold Dixon lawnmowers to Husqvarna in 2006. They've since shut that brand down. IMO buying BLT makes sense. Acquisition Integration just seems a better way to compete worldwide in a slow growth no growth business. BLT will loose business as Husqvarna will make much of their own chain. FWIW There seems to be much synergy here as a SITT speculation.

Historic news.
NIB and Husqvarna AB have signed a SEK 425 million (EUR 49 million) loan for the investment in a new saw-chain factory in Huskvarna, Sweden.

By providing a 5-year loan to Husqvarna, NIB is supporting the company’s strategic decision to begin producing chains for chainsaws in Huskvarna, Sweden.

Husqvarna to Invest U.S. $159 Million in Chainsaw Production Facility
rermag.com

P.S. IMO tax loss selling their high priced shares
Blount International (NYSE:BLT) major shareholder P2 Capital Partners, Llc sold 140,000 shares of the firm’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $5.32, for a total transaction of $744,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
tickerreport.com

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From: richardred12/2/2015 11:40:10 AM
   of 6084
 
A bulls-eye today MTSN get a bid. This way back in 2007 when I was catching falling stars.

Message 23199573

Mattson Technology, Inc. Enters Into a Definitive Agreement to Be Acquired by the Beijing E-Town Dragon Semiconductor Industry Investment Center for $3.80 per Share in Cash



FREMONT, CA and BEIJING, CHINA--(Marketwired - December 01, 2015) - Mattson Technology, Inc. ( MTSN), a global semiconductor wafer processing equipment provider, and Beijing E-Town Dragon Semiconductor Industry Investment Center (Limited Partnership) ("E-Town Dragon"), today jointly announced that they have entered into a definitive merger agreement under which E-Town Dragon will acquire all of the outstanding shares of Mattson for $3.80 per share in cash. The transaction price represents a 55 percent premium to the 30-trading day average closing price for the period ending December 1, 2015, a 23 percent premium to Mattson's closing stock price on December 1, 2015, and values Mattson's equity at approximately $300 million on a fully diluted basis.

Commenting on the proposed acquisition, Fusen Chen, Mattson's President and Chief Executive Officer, said, "In E-Town Dragon, we have found a partner who brings to Mattson unique investment experience with a rich, global network and a commitment to grow Mattson into one of the industry's preeminent semiconductor equipment companies. We are pleased to have entered into this agreement with E-Town Dragon, which we believe represents significant value for our stockholders and will facilitate continued innovation for our customers."

Xiaobo Wang, General Manager of Beijing E-Town Capital, added, "The acquisition of Mattson is representative of E-town's continued commitment to investing in the semiconductor and capital equipment industries. We plan to build upon Mattson's successes and we are excited to provide the resources needed to expand the company going forward."

The transaction is subject to approval by Mattson's stockholders, as well as antitrust and other regulatory approvals. The Mattson Board of Directors has unanimously approved the merger agreement and recommends that Mattson stockholders vote to approve the merger agreement. Details regarding the record date, and the date, time and place of the special meeting of Mattson stockholders to vote on the transaction will be announced at a later date. The transaction is currently expected to close in the first calendar quarter of 2016.

Morgan Stanley & Co. LLC is serving as Mattson's financial advisor and Latham & Watkins is serving as Mattson's outside legal advisor. Cowen and Company, LLC is serving as E-Town Dragon's financial advisor. Pillsbury Winthrop Shaw Pittman and DeHeng Law Offices are jointly serving as E-Town Dragon's outside legal advisors.

Mattson will file with the U.S. Securities and Exchange Commission (the "SEC") a Current Report on Form 8-K announcing the transaction, which 8-K will include a copy of the merger agreement. All parties seeking additional details regarding the transaction are urged to review these documents, which are available at the SEC's website ctt.marketwire.com.

finance.yahoo.com

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To: richardred who wrote (3805)12/7/2015 8:43:13 AM
From: richardred
   of 6084
 
Wake up and smell the coffee. GMCR goes down today. KO will have money to spend they own 40%. It may generate a little interest in my burnt roast JVA today.

Keurig to Be Acquired by JAB-Led Group for $13.9 Billionhttp://www.bloomberg.com/news/articles/2015-12-07/keurig-to-be-bought-by-jab-led-investor-group-for-13-9-billion

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From: richardred12/9/2015 10:34:42 AM
1 Recommendation   of 6084
 
With today's Dow/Dupont merger proposal. The Oligopoly looks like the best way to compete globally. This in corporate commodities businesses and other industries where barrier to entry is capital intensive. In today's markets. It just seems other Foreign Global brands will buy other competing industries before regulators can act diligently on consumer & competitive reasons.The green light president was given long ago.Today's business environment does change. IMO investors, customers, politics & money bring that change. I'm just trying to make a buck on it.

P.S.
The Ma Bell break up was the last regulated Monopoly I remember, and involved in. .In a stealthy way over time. The industry has already been put back together. I remember the days when big railroad mergers of the 80's were allowed to go through. It will be interesting to see if Canadian Pacific will be allowed to buy Norfolk Southern.

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To: richardred who wrote (4055)12/10/2015 10:33:54 AM
From: richardred
1 Recommendation   of 6084
 
BULL-EYE today BLT What a pleasant surprise this morning. A takeout speculation. I just recently bought and added to it. I can't remember the last time I bought an under the radar company that was bought out so quickly from my entry. A very nice 80% premium. OTOH today MEI took a big % hit due to missed growth due to lowered expectations. I still like MEI very much and will consider adding when I think opportune conditions exist.

Message 30309866
Message 30332912

Blount Enters Into Agreement to be Acquired by American Securities and P2 Capital Partners Shareholders to Receive $10.00 Per Share in Cash, 86% Premium to December 9 Closing Price



Blount International, Inc. 2 hours ago GlobeNewswire


PORTLAND, Ore. and NEW YORK, Dec. 10, 2015 (GLOBE NEWSWIRE) -- Blount International, Inc. ( BLT) (“Blount” or the “Company”) today announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC (“American Securities”) and P2 Capital Partners, LLC (“P2 Capital Partners”) in an all-cash transaction valued at approximately $855 million, including the assumption of debt. Blount is a global manufacturer and marketer of replacement parts, equipment, and accessories for consumers and professionals operating in three market segments: Forestry, Lawn, and Garden (“FLAG”); Farm, Ranch, and Agriculture (“FRAG”); and Concrete Cutting and Finishing (“CCF”).

Under the terms of the proposed transaction, Blount shareholders will receive $10.00 in cash for each share of Blount common stock they hold. This represents a premium of 86% to the Company’s closing stock price on December 9, 2015, the last trading day before the announcement of the proposed transaction. The independent members of Blount’s Board of Directors unanimously approved the proposed transaction based upon the unanimous recommendation of a Special Committee, which was comprised of independent directors and advised by its own financial and legal advisors. The Special Committee and the independent members of the Board each recommended that the Company’s shareholders adopt the merger agreement.

The merger agreement includes a 50-day “go-shop” period which runs through January 28, 2016 and is designed to maximize value for Blount shareholders. During this period, the Special Committee, with the assistance of its and the Company’s financial and legal advisors, will actively solicit alternative proposals to acquire Blount. There can be no assurances that this process will result in a superior proposal. Blount and the Special Committee do not intend to disclose developments with respect to the solicitation process until the Special Committee and the Board have made a decision.

“The proposed transaction will deliver immediate value to Blount’s shareholders and we expect it will also provide us with additional flexibility to execute our strategic plan as we continue to navigate the macroeconomic challenges facing our industry,” said Josh Collins, Blount’s Chairman and CEO. “American Securities and P2 Capital Partners each have excellent track records of investing in outstanding businesses for the long-term.”

“Blount is a strong fit for our strategy of partnering with market-leading companies,” said Loren Easton, Managing Director at American Securities. “We are excited about working with Blount’s management team to expand the Company’s position in its core FLAG and FRAG markets, and plan to leverage our expertise investing in the industrial manufacturing sector to accelerate Blount’s long-term growth.”

“This transaction will enable us to partner with Blount’s proven management team and talented employees to help drive the next wave of product innovation and leadership that has defined Blount for nearly 70 years,” said Josh Paulson, Partner at P2 Capital Partners. “We are committed long-term investors, having been a Blount shareholder for several years, and look forward to working closely with Blount as a private company to help it take full advantage of the opportunities that lie ahead


Blount expects to maintain its corporate headquarters in Portland, Oregon and its existing global distribution and sales footprints.

In addition to equity funds managed by American Securities and P2 Capital Partners, it is anticipated that Josh Collins, Chairman and Chief Executive Officer of Blount, and David Willmott, President and Chief Operating Officer of Blount, will invest all of their net proceeds from the transaction in Blount. Blount, American Securities and P2 Capital Partners have also secured committed debt financing from Barclays Bank and KeyBanc Capital Markets.

The proposed transaction is expected to close in the first half of 2016, subject to the approval by Blount’s shareholders and regulatory authorities, the satisfaction or waiver of customary closing conditions and Blount’s ability to terminate the merger agreement to accept a superior proposal.

P2 Capital Partners and certain of its affiliates, which collectively own approximately 14.9% of Blount’s outstanding shares, have entered into an agreement with the Company to vote their shares in accordance with the recommendation of the Company’s Board of Directors with respect to the proposed transaction. If the Company accepts a superior proposal, P2 Capital Partners has agreed to vote all of their shares in favor of an all-cash superior proposal and to vote their shares for or against other superior proposals in the same proportion as the Company’s shareholders excluding American Securities, P2 Capital Partners, members of the Company’s management or Board of Directors, or any of their respective affiliates.

The merger agreement provides that Blount will pay a termination fee of approximately $7.3 million if the merger agreement is terminated in connection with a superior proposal that arose during the “go-shop” period and a termination fee of approximately $14.7 million if the merger agreement is terminated in connection with a superior proposal that arose following the “go-shop” period.

Goldman, Sachs & Co. is acting as financial advisor to Blount and Cravath, Swaine & Moore LLP is acting as its legal advisor. Greenhill & Co. is acting as financial advisor to the Special Committee and Davis Polk & Wardwell LLP is acting as its legal advisor. Debevoise & Plimpton LLP is acting as legal advisor to American Securities and P2 Capital Partners.

Blount will file a current report on Form 8-K with the U.S. Securities and Exchange Commission (“SEC”) containing a summary of terms and conditions of the proposed transaction.

About Blount
Blount is a global manufacturer and marketer of replacement parts, equipment, and accessories for consumers and professionals operating primarily in two market segments: Forestry, Lawn, and Garden (“FLAG”); and Farm, Ranch, and Agriculture (“FRAG”). Blount also sells products in the construction markets and is the market leader in manufacturing saw chain and guide bars for chain saws. Blount has a global manufacturing and distribution footprint and sells its products in more than 115 countries around the world. Blount markets its products primarily under the OREGON®, Carlton®, Woods®, TISCO, SpeeCo®, ICS® and Pentruder® brands. For more information about Blount, please visit our website at blount.com.

About American Securities
American Securities is a leading U.S. private equity firm with approximately $15 billion under management. Based in New York with an office in Shanghai, American Securities invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or EBITDA of $50 million to $200 million. For more information, please visit american-securities.com.

About P2 Capital Partners
P2 Capital Partners is a New York-based investment firm that applies a private equity approach to investing in the public market. P2 manages a concentrated portfolio of significant ownership stakes in high quality public companies in which it is an active shareholder focused on creating long-term value in partnership with management. The firm will also lead private equity transactions within its public portfolio. P2’s limited partners include leading public pension funds, corporate pension funds, endowments, foundations, insurance companies, and high net worth investors.

CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS
“Forward looking statements” in this release, including without limitation statements regarding the proposed transaction, the expected timetable for completing the proposed transaction, Blount’s “outlook,” “expectations,” “beliefs,” “plans,” “indications,” “estimates,” “anticipations,” “guidance” and their variants, as defined by the Private Securities Litigation Reform Act of 1995, are based upon available information and upon assumptions that Blount believes are reasonable; however, these forward looking statements involve certain risks and should not be considered indicative of actual results that Blount may achieve in the future. There are a number of factors that could cause actual results or events to differ materially from those indicated by such forward looking statements, in particular, among other things, the ability to consummate the proposed transaction in the time frame expected by the parties or at all; any conditions imposed on the parties in connection with the consummation of the proposed transactions; the ability to obtain requisite regulatory approvals on the proposed terms and schedule; the ability to obtain Blount shareholder approval and the satisfaction of the other conditions to the consummation of the proposed transaction; the potential impact of the announcement or consummation of the proposed transaction on relationships, including with employees, suppliers and customers; the ability of third parties to fulfill their obligations relating to the proposed transaction, including providing financing under current financial market conditions; and the other factors and financial, operational and legal risks or uncertainties described in Blount’s public filings with the SEC, including the “Risk Factors” and “Forward Looking Statements” sections of Blount’s Annual Report on Form 10-K for the year ended December 31, 2014 and subsequent Quarterly Reports on Form 10-Q. Blount disclaims any intention or obligation to update or revise any forward-looking statements as a result of developments occurring after the date of this document except as required by law.

IMPORTANT ADDITIONAL INFORMATION
This communication may be deemed to be solicitation material in respect of the proposed acquisition of Blount by American Securities LLC and P2 Capital Partners, LLC. In connection with the proposed acquisition, Blount plans to file relevant materials with the SEC, including Blount’s Proxy Statement in preliminary and definitive form. Before making any voting decision, Blount shareholders are urged to read all relevant documents filed with the SEC, including Blount's proxy statement when it becomes available, because they will contain important information about the proposed transaction and the parties to the proposed transaction. Investors and security holders are able to obtain the documents (once available) free of charge at the SEC’s website at www.sec.gov, or free of charge from Blount on the Investor Relations Page of its corporate website at blount.com, or by directing a request to Blount International, Inc., Investor Relations, 4909 SE International Way, Portland, Oregon 97222.

PARTICIPANTS IN SOLICITATION
Blount and its directors, executive officers and other members of management and employees, under SEC rules, may be deemed to be “participants” in the solicitation of proxies from Blount shareholders with respect to the proposed transaction. Information about Blount's directors and executive officers is set forth in Blount's Proxy Statement on Schedule 14A for its 2015 Annual Meeting of Stockholders, which was filed with the SEC on April 21, 2015. Information concerning the interests of Blount's participants in the solicitation, which may, in some cases, be different than those of Blount's shareholders generally, is set forth in the materials filed by Blount with the SEC, and will be set forth in the proxy statement relating to the proposed transaction when it becomes available. Investors should read such materials carefully before making any voting or investment decision.


Contact:

For Blount International:
David Dugan
503.653.4692

finance.yahoo.com

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To: Sr K who wrote (3685)12/10/2015 11:02:43 AM
From: richardred
1 Recommendation   of 6084
 
BULLS-EYE LOJN Two Take outs in one day today . I took a loss in 2014 and replaced higher cost shares.
CalAmp makes bid to acquire LoJack for $5.50 a share in cash

Message 29400678
Message 25037746

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To: richardred who wrote (4058)12/13/2015 3:39:21 PM
From: Jack Hartmann
   of 6084
 
Merge to split into 3 companies?

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To: Jack Hartmann who wrote (4061)12/13/2015 6:13:44 PM
From: richardred
   of 6084
 
Jack: If approved, that's the 18 month plan from the way I understand it.

Dow, DuPont set $130 billion megamerger, could spark more deals
finance.yahoo.com

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From: richardred12/17/2015 1:41:41 PM
   of 6084
 
New Thread best idea SITT pick CTG. Replaces LNCE which I'm holding on to for now. It's had a good run from my purchases. IMO less like a target now because of the Diamond acquisition.


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