SI
SI
discoversearch

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 (3401)1/31/2018 11:05:59 AM
From: richardred
   of 6101
 
We have a notable PE deal.

Ply Gem Holdings to be Acquired by Clayton, Dubilier & Rice in $2.4B Deal ($21.64/sh) - SIhttp://ooc.bz/l/20275

I remember this company when it traded on the AMEX. Today's offering of Ply Gem is reminding me how unappreciated GFF's Coplay division is. Coplay is the largest maker of garage doors. Maybe COO Bob Hehmel know this?

Mehmel Robert F who is President & COO at Griffon Corporation ( NYSE:GFF), bought 10,000 shares at $11.72 per share for a total value of $117,189. The shares recently traded at $11.65, down $0.07, or 0.6% since the insider buy.
wallstcheatsheet.com

Shares of Ply Gem Holdings rise in market debut

Thu May 23, 2013 10:01am EDT


<span class="articleLocation">May 23 (Reuters) - Shares of Ply Gem Holdings Inc, which makes building products for homes, rose as much as 10 percent in their market debut, valuing the company at about $1.5 billion, as investors tap into companies that cater to the recovering U.S. housing market.

The North Carolina-based company's shares opened at $22.35 in their New York Stock Exchange debut, 6 percent above the IPO price of $21.

Ply Gem Holdings sold 15.8 million shares in the offering, raising $332 million, after pricing its offering above its planned $18 to $20 price range.

Private equity firm CI Capital Partners will hold 68.4 percent of the company after the offering if the underwriters exercise full rights to buy additional shares, Ply Gem said in a filing with the U.S. Securities and Exchange Commission.

The company, which operates brands such as Ply Gem, Mastic Home Exteriors and Variform, makes customized fencing, windows, doors and other home exterior products.

reuters.com



Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (4692)1/31/2018 12:26:48 PM
From: richardred
   of 6101
 
Added to CPB today & ASYS Sold out of TT 2018 SITT Pick ANIK. Had a nice run up from my purchase price. Maybe a re-look later. Still regard it as having high speculative appeal.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


From: richardred2/2/2018 11:14:49 AM
1 Recommendation   of 6101
 
Bought back in some ACET on the earning miss. Acquired some VUZI @ a Discount from the 10 offering.

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (4696)2/2/2018 11:36:17 AM
From: richardred
   of 6101
 
Added to ENZ today.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: richardred who wrote (4718)2/2/2018 11:52:48 AM
From: richardred
   of 6101
 
Added to CPB today.

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (4704)2/2/2018 12:36:27 PM
From: richardred
   of 6101
 
FWIW- I was somewhat impressed with BMS sales comparison.
Bemis reports 4Q loss Published 6:21 AM ET Thu, 1 Feb 2018 The Associated Press



NEENAH, Wis. (AP) _ Bemis Co. (BMS) on Thursday reported a fourth-quarter loss of $40.7 million, after reporting a profit in the same period a year earlier.

The Neenah, Wisconsin-based company said it had a loss of 44 cents per share. Earnings, adjusted for one-time gains and costs, were 63 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The packaging company posted revenue of $1 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $986 million.

For the year, the company reported profit of $94 million, or $1.02 per share. Revenue was reported as $4.05 billion.

Bemis expects full-year earnings in the range of $2.75 to $2.90 per share.

Bemis shares have fallen 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 6 percent. The stock has decreased 4 percent in the last 12 months.



cnbc.com

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (4526)2/2/2018 1:14:23 PM
From: richardred
   of 6101
 
Seneca Foods Completes the Acquisition of Burnette Foods Maraschino Cherry Business

February 02, 2018 | About: SENEA +0% SENEB +0%


MARION, N.Y. and ELK RAPIDS, Mich., Feb. 02, 2018 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (“Seneca”) ( NASDAQ:SENEA) ( NASDAQ:SENEB) and Burnette Foods, Inc. (“Burnette”) announced today that Seneca has completed the acquisition of Burnette’s maraschino cherry business. This business is based in Traverse City, Michigan and allows Seneca to supplement its existing maraschino operations and Burnette to enhance its core business.

“Burnette maraschino business has a history of providing quality maraschino cherry products to their customers. We are very excited about this acquisition as it is a nice complementary fit with Seneca’s existing cherry business,” stated Kraig Kayser, Seneca Foods' President and CEO.

“We are pleased to be able to sell our maraschino business to a high quality food producer as is Seneca. Maraschinos are a small part of our total sales and this transaction will enhance our ability to concentrate on our core business lines of shelf stable fruit fillings, apple products, vegetables and juices. We will continue to explore new products for our existing red tart and dark sweet cherry offerings,” according to William R. Sherman, CEO of Burnette Foods, Inc.

About Seneca Foods Corporation
Seneca Foods is North America’s leading provider of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from over 2,000 American farms. Seneca holds the largest share of the retail private label, food service, and export canned vegetable markets, distributing to over 90 countries. Products are also sold under the highly regarded brands of Libby’s®, Aunt Nellie’s®, Green Valley®, CherryMan®, READ®, Seneca Farms® and Seneca labels, including Seneca snack chips. In addition, Seneca provides contract packing services mostly through its wholly owned subsidiary Truitt Bros., Inc. Also, Seneca provides vegetable products under a contract packing agreement with B&G Foods North America, under the Green Giant label. Seneca’s common stock is traded on the Nasdaq Global Stock Market under the symbols “SENEA” and “SENEB”. SENEA is included in the S&P SmallCap 600, Russell 2000 and Russell 3000 indices.

About Burnette Foods, Inc.
Burnette Foods, Inc. is a family owned producer of shelf stable fruit and vegetable offerings operating out of four plants on the western side of Michigan. Beginning as a cherry farm in East Jordan, Michigan, Burnette has continually invested back into its business through acquisitions and organic growth. Each of its plants specialize in their own product sets with the Hartford location producing apple products and fruit juices, the Elk Rapids plant producing fruit fillings and apple slices, the New Era plant producing vegetable products and the East Jordan plant doing a combination of vegetable and fruit products. The company is primarily a private label producer for its customers which include major retailers, wholesale food producers and the USDA. Burnette sources its fruit and vegetable products primarily in the upper Midwest.

Forward-Looking Statements
Statements that are not historical facts, including statements about management’s beliefs or expectations, are forward looking statements as defined in the Private Securities Litigation Reform Act (PSLRA) of 1995. All forward-looking statements involve risks, uncertainties and contingencies which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in Seneca Foods Corporation’s filings with the SEC, including the disclosure under the heading “Risk Factors” in Seneca Foods’ Annual Report on Form 10-K. There can be no assurance that the merger will close on the expected schedule or that the merger will be consummated at all. We are under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:
Timothy J. Benjamin, Chief Financial Officer
Seneca Foods Corporation
315-926-8100

John E. Pelizzari, COO
Burnette Foods, Inc.
231-264-8116

gurufocus.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: waitwatchwander who wrote (4630)2/5/2018 7:30:34 AM
From: richardred
   of 6101
 
82 the new Qualcom offer by Broadcom. This is a serious and final offer so Broadcom says.

Broadcom Raises Hostile Bid for Qualcomm to About $121 Billion

bloomberg.com

P.S.
These are the people below Broadcom must convince. I heard an analyst say this deal could be accretive to 80 dollars. Could this be the price that might convince them? IMO There still is a smaller stock portion of the offer that might be raised to entice majority holders? Brodadcom stock is going up with it's unsolicited bid. I think that shows this is a good deal for Broadcom. Hypothetically speaking, a knock out blow might be. The same cash portion along with Broadcom stock totaling 85.00. This gives major shareholders in Qualcom a chance to still participate by way of Broadcom stock.
I'm staying out. However it sure will be interesting to see what happens.



Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: richardred who wrote (4724)2/5/2018 9:01:06 AM
From: richardred
   of 6101
 
The markets Pre-market reaction seems to be saying the offer ultimately will be rejected. However IMO it's Qualcomm's fiduciary duty to it's major shareholders to at least sit down and formally reject the offer. IMO The big QCOM holders can afford to be long term holders. IMO Broadcom hypothetically can have one last gasp and offer a higher price based upon them dropping the NXP bid and paying the breakup fee. Broadcom then can offer a higher stock portion with a stock portion collar up or down subject to the approval process. This with Broadcom taking on the regulatory risk. RE- selling off what they need to comply. Otherwise IMO Qualcomm has to prove to its major holders the regulatory process with NXP gets approved, and with Broadcom it wouldn't .

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (4720)2/6/2018 1:25:13 PM
From: richardred
   of 6101
 
A little add to ENZ today.

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