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Colgate-Palmolive’s chief executive recently signaled he would be open to selling the company — which has grappled with sluggish demand for its toothpaste, deodorants and food products — for $100 a share, a source told The Post.
>I've been following the mergers in alcohol and wine because I follow Constellation Brands. A teacher back in high school who took us to Merill Lynch in Rochester for field trip 1978. He bought 100 shares (Canandaigua Wine back then) every year he took that field trip. It was not a good investment back then. I can only wonder if he held.
RE- MNTX Speculation- A speculative hypothetical acquisition due to the elimination of competitor pick. Annual Meeting coming up June 1. IMO bringing ASV public puts a realistic market valuation to the unit. Beforehand MNTX owing 51% and TEREX owning 49%. One has to remember the ASVI acquisition by TEX in 2008 for 488 million. In hindsight, a big overpay. IMO this sets up the unit for a possible acquisition in due time by a good established dealer network ASV competitor. IMO CAT's already a customer and make sense. RE- P.S. After all, they cashed in some 100 million+ the first time. This also being at a big discount from the TEX purchase price. If and when this hypothetical happens. MNTX gets the exit it now seeming wants to concentrate on it's mainstays. Proceeds most likely improving on a much improving balance sheet. IMO this now sets up a MNTX catalyst for the elimination of a competitor pick among competitors. It also gives TEX the chance to buy MNTX at a reasonable valuation to add to their crane lines. A little kicker TEX already owns 6.8% of MNTX. MWMMI- long the common & Call options presently. Ive been extending the boom, but I could still drop it.
P.S. Snip>Caterpillar Inc. (NYSE:CAT) a large ASV customer and owner of 23.5% of ASV shares, has indicated its support for the merger.