|To: Glenn Petersen who wrote (4542)||9/23/2017 8:46:25 AM|
|Glen just a curious question in your neck of the woods. MNTX a company I follow just added a new dealer. Just wonder if you knew anything on the company? I'm assuming they named it after Walter Payton the great running back, or a family member or relative works for the company?|
Manitex International Welcomes Walter Payton Power Equipment to Knuckleboom Dealer Network
— 9:01 AM ET 09/18/2017
BRIDGEVIEW, Ill., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Manitex International, Inc. (MNTX) , a leading international provider of cranes and specialized industrial equipment, today announced the addition of Walter Payton Power Equipment to its distributor network. Headquartered in Riverdale, IL with five locations across four states, Walter Payton Power Equipment locations will provide sales and service for PM articulating cranes “knucklebooms” in the Midwest of North America. Initial orders of PM cranes have been placed, with deliveries expected to commence in the third quarter of 2017.
Walter Payton Power Equipment is one of the largest crane and heavy equipment distributors in the Midwest with full-service facilities in Riverdale, IL, Lebanon, IN, Evansville, IN, New Albany, IN and Taylor, MI, offering new and pre-owned equipment from leading manufacturers including Manitowoc, Grove, Manitou and Talbert. Walter Payton Power Equipment’s factory trained parts and service team provides industry-leading customer service and support from purchase through delivery, and customer care and maintenance, with the Walter Payton team there to help every step of the way.
Samuel Rooke, PM US Business Manager, said, “We are pleased to add such a high-profile dealer as Walter Payton Power Equipment with its proven track record in the industry to the Manitex-PM distribution family. They are a leader in crane sales, service and technical support, and we look forward to building a mutually rewarding long-term relationship with the WPPE team.”
"The PM articulating knuckleboom offers a unique opportunity for us at Walter Payton Power Equipment to expand our crane distribution model to new industries and applications. The commitment PM has made to a very substantial facility here in North America, with spares and inventory support in Georgetown, Texas will enable us to maintain our commitment to the highest level of service for our customers,” said Brian Lynch, General Manager of Walter Payton Power Equipment.
For more information on Walter Payton Power Equipment, visit www.wppecrane.com or call (800) 922-5508 to learn more about Manitex-PM, visit www.manitex.com or call (512) 942-3000.
About Manitex International (MNTX), Inc.
Manitex International, Inc. (MNTX) is a leading worldwide provider of highly engineered specialized equipment including boom trucks, cranes, and other related industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex (MNTX), PM, Badger, Sabre, and Valla. The company also has a minority ownership in ASV Holdings, Inc. (ASV) , which manufactures and sells a line of high quality compact track and skid steer loaders.
Source: Manitex International, Inc. (MNTX)
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|To: richardred who wrote (4515)||9/23/2017 9:55:01 AM|
|JVA speculation- Nestles picked up Blue Bottle. The pickings are getting slim on the coffee front. JVA just a drop and still working on branding and Comfort acquisition. Still wondering if it will be good till the last drop. However I've like the Coffee Holding's Sonofresco acquisition from the get go. The board has approved a share repurchase program of up to $2M on this low outstanding stock. IMO a value sign on a hypothetical family private bid. JAB went on a endless coffee and related coffee acquisition spree. I expect Nestles to do the same. JAB/Green Mountain’s Keurig has the lions share of the self brewing market. Nespresso has very little in the US. I can see them going after this market. Green Mountain was JVA's largest customer. They've almost weened them off. IMO Nestles can just buy JVA as a R&D experiment and expand Sonofresco and have JVA fill their high end Nespresso cups? FARM on my watch list. It's speculative fever has gone up considerably IMO. Nestles has a stake in L'Oreal who's founder just passed away. Just maybe they cash out to fund a US acquisition spree in complimenting growth and market share moves.|
P.S. COTT just sold it beverage business for over a billion. PR snip>The company also will pursue small acquisitions in water, coffee, tea and filtration, as well as “larger-scale acquisitions if and when the right value-enhancing opportunities present themselves,” CEO Jerry Fowden said.
With Blue Bottle, Nestlé eyes high-end challenge to Starbucks
Established in 2002, Blue Bottle has built its reputation on hand-drip coffee, which costs more than US$10 a cup. It’s a favorite of Silicon Valley techies, who have dubbed it “the iPhone of the coffee industry”.
With less than 40 outlets, the boutique coffee chain has reportedly sold a controlling stake to Swiss food and beverage giant Nestlé for around US$500 million.
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|To: richardred who wrote (4544)||9/23/2017 4:07:46 PM|
Arkema has been pursuing a particularly ambitious bolt-on acquisitions program since 2007. These acquisitions have enabled the Group to reposition itself firmly in high performance materials, rebalance its global presence, and rank among world leaders in its main product lines.
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|To: richardred who wrote (4560)||9/23/2017 4:13:28 PM|
|L’Oreal could be takeover target |
| Posted on Friday, 22 September 2017 14:20 |
| French cosmetics giant is the subject of takeover speculation following the death of founding family matriarch Liliane Bettencourt.|
Multiple sources have picked up on speculation by analysts who believe the heiress’ passing could be a catalyst for a change in the Paris-listed group’s shareholder base.
Based on L’Oreal’s closing share price of EUR 176.60 on 21st September, the last trading day prior to the deal being reported, the company can be valued at EUR 98.88 billion.
Jefferies analyst Martin Deboo told Bloomberg Bettencourt’s passing at the age of 94 on 21st September means speculation is likely to be rife, particularly concerning the 23.0 per cent stake owned by Swiss food and drink giant Nestle.
However, he added that the matriarch’s children will also have a say in the matter and a lot hangs on their intentions.
In addition, under the terms of a previous agreement with L’Oreal, Nestle is unable to buy any more stock in the business until six months after Bettencourt’s death.
Tyler Tebbs of Olivetree Securities, speaking to the Financial Times, noted that the Swiss company has strict acquisition criteria, not all of which are met by the cosmetics company.
L’Oreal is renowned for its range of cosmetics products, some of which are distributed under brand names like Garnier, Maybelline and Lancôme.
The company’s stock dropped following Bettencourt’s death yesterday, having finished the day at EUR 178.30 on 20th September.
Shares were trading at EUR 182.90 at 15:58 on 22nd September.
L’Oreal posted consolidated sales of EUR 25.84 billion in 2016, up from EUR 25.26 billion over the preceding 12 months.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 164 deals targeting toilet preparation manufacturers announced worldwide since the beginning of 2017.
The most valuable of these was worth USD 1.19 billion and involved Natura acquiring UK-based the Body Shop from L’Oreal earlier this month.
© Zephus Ltd
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|To: richardred who wrote (4548)||9/25/2017 9:22:44 AM|
|ROSE & MCF speculations IMO For small oil companies these, recent oil finds enhance speculative appeal. Wells are very expensive to drill these days for small companies like these. IMO there are some notable oil companies around their wells and acreage. IMO they would be interested in adding to their positive acreage because of their production cost advantage. I'm willing to hold in these very little market Cap. risky companies. A money loosing bet for me so far, but that's why I'm diversified. I think of the new land based oil drilling that's going on now. Much new drilling will be in the area these companies hold acreage. FWIW-It seems to me they need to partner (Working interests}with others to get their land drilled or sell out to enhance shareholder value near term.|
ROSE.In late July, Rosehill began flowback on its first well targeting the 2nd Bone Spring sand, the Kyle 26 ST-1, with a peak rate of 2,130 BOE per day (84% oil);
Increased proved reserves to 24.8 million barrels of oil equivalent (“MMBOE”) with a PV-10 of $183 million at June 30, 2017 (audited and determined under SEC guidelines), up 88% and 126%, respectively, from December 31, 2016;
The Gunner #2H well (50%WI, 37.5%NRI) was drilled to a TMD of 20,430 feet, including a 10,600 foot lateral into the Lower Wolfcamp A. The well was completed with 50 stages of fracture stimulation in June, with initial flowback commencing in early August. The well reached a gross maximum 3-stream 24-hour IP rate of 1,348 Boed (77% oil), and the last 30 days have averaged 1,152 Boed (76% oil), which represents our best performance to date.
We have now tested multiple landing points within the Wolfcamp A bench and believe we have proven at least two benches for development within the Wolfcamp A across our acreage position. The Rude Ram and Gunner landing points are spaced with approximately 130' of vertical separation from an Upper Wolfcamp A and a lower Wolfcamp A landing, respectively. Each well we have drilled has shown progressively better production performance than the previous due to enhancements to completion and flowback techniques. Our last two wells, the Rude Ram, which has produced 100 Mboe in 4 months and the Gunner, have been our best wells to date. We will continue to evaluate and enhance our leasehold with future drilling into the Bone Springs and the Wolfcamp B zone. We remain very optimistic about these future benches in light of recent activity around our position.
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