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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (4800)3/2/2018 10:43:57 AM
From: richardred
   of 6084
 
RE-VSH speculation IMO the MSCC deal up the speculative appeal of VSH

MSCC to be bought by MCHP for $68.78 cash per share


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To: richardred who wrote (4678)3/3/2018 12:24:46 AM
From: richardred
   of 6084
 
John Deere makes a move-King Agro


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To: richardred who wrote (4456)3/4/2018 8:05:04 AM
From: richardred
1 Recommendation   of 6084
 
RE-ASV speculation It appears MNTX is scaling out of it's ASV stake. I found it a little surprising they sold at this point in time. MNTX sold 1 million ASV shares @ 7 below the market trading range of 8. The proceeds should help MNTX reduce debt even more should they choose to do so. They also have some million more ASV shares left should they decide to scale out altogether. IMO this gives credence on a new theory. I'm Guessing Possibly a privately equity firm looking at ASV down the road? This especially if MNTX scales out altogether. However TEX/TEREX should have a big say in whatever happens

P.S. MNTX 8k snip>separately negotiated transactions with unrelated institutional purchasers on February 26, 27 and 28, 2018, each at $7.00 per share. The sales were effected pursuant to a resale registration statement on Form S-1 (File No. 333-222142) filed by ASV and declared effective by the Securities and Exchange Commission on December 22, 2017. Following the sales, the Company owns 1,080,000 shares of common stock of ASV.

Looks like TEX took a stake in MNTX. I am a former ASVI holder and TEX holder. This venture with the TEX investment in MNTX should give TEX about an 8% stake. CAT owned a big piece of ASVI which TEX eventually bought out. IMO if the venture works out well. I can see TEX wanting the whole thing.
Message 24210981
RE- GEHL was eventually acquired by manitou
forbes.com
Message 27684600
Message 31122858

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From: richardred3/7/2018 11:34:45 AM
   of 6084
 
Sold some CTG today- Bought some oil patch-MCF-WRD-JAG + Food- BGS + Defense-FEIM

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To: richardred who wrote (4735)3/7/2018 11:50:05 AM
From: richardred
   of 6084
 
Sold PYDS for a quick nice % gain.

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To: richardred who wrote (3619)3/8/2018 8:29:06 AM
From: richardred
   of 6084
 
Agilent Technologies to Acquire Advanced Analytical Technologies, Inc.

businesswire.com

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To: richardred who wrote (2785)3/8/2018 8:34:04 AM
From: richardred
1 Recommendation   of 6084
 
Health insurer Cigna to buy Express Scripts for about $54 billion


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To: richardred who wrote (4161)3/8/2018 12:57:31 PM
From: richardred
   of 6084
 
Sold out of weighted MNTX today (Portfolio Diversification). It was a nice ride with maybe more to come. However The food space to me seems compelling. A very untimely depressed space that has almost taken the place of the once untouchable retail trade. The space has taken on the scenario of likely being crushed by Amazon. Although not many in the space are necessarily values by historical PE numbers. Many Analysts are wary of slow growth, in traditional brands, along with mediocre earnings and higher costs. IMO this has put a cloud over the sector in general. I see value in certain depresses stock prices & brand names. I have now this sector as my weighted sector. It just might be I'm a glutton for more punishment in the sector, but I generally like going against the grain of analysts.

Bought some OOTM HAIN leaps & BGS leaps today on the downgrade. Added to CECE on the earnings miss and loss for the QTR.

P.S.
CPB will now be my tracking stock on this board. How can a food company get slow growth back on track. I'm a little biased. IMO the packaging & portion control can play a big roll.


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To: richardred who wrote (4762)3/12/2018 9:57:16 AM
From: richardred
   of 6084
 
A small regional bank goes down.

Civista Bancshares, Inc. To Acquire United Community Bancorp

SANDUSKY, Ohio and LAWRENCEBURG, Ind., March 12, 2018 /PRNewswire/ -- Sandusky, Ohio based Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) and United Community Bancorp, the parent company of United Community Bank ("United" or "UCB") (NASDAQ: UCBA), today announced the signing of a definitive merger agreement pursuant to which Civista will acquire United. Based on financial data as of December 31, 2017, the combined company would have total assets of $2.1 billion, total loans of $1.5 billion and total deposits of $1.7 billion. United operates an eight branch network in southeastern Indiana, five of which are located in the Cincinnati MSA. This acquisition will allow Civista to bring its enhanced commercial lending platform to United's demographically strong markets. United will provide Civista with low cost core deposit funding and excess liquidity.

Civista currently operates branches and loan production offices from northern Ohio to Dayton, Ohio. The acquisition of United expands Civista's community banking franchise into and around the Cincinnati MSA, which is home to over 2.1 million people. After this strategic partnership, Civista's community banking platform will operate in each of the five largest Ohio marketplaces.

"This is an extraordinary opportunity for Civista and we are very excited to welcome United's customers and employees to the Civista family," said Dennis G. Shaffer, CEO and President of Civista Bancshares, Inc. "United, including its two predecessors, has maintained a strong and stable presence in their local communities for over 100 years. We look forward to collaborating with United's leadership team to grow and enhance their banking platform while maintaining strong ties to their community. Michael McLaughlin, UCB's Chief Operating Officer, will be named Market Executive and Mark Sams, UCB's Chief Credit Officer, will continue to lead the commercial lending efforts in the market. Civista plans to keep all eight UCB branch offices open. We believe the long-term growth potential of this partnership offers substantial upside for shareholders of both organizations."

"We have great admiration and respect for the Civista team and believe Civista is an ideal partner providing many strategic benefits to all of the UCB stakeholders," stated E.G. McLaughlin, President and CEO of United. "We believe partnering with Civista will provide us the enhanced capacity to deliver the products and services sought by our customers. In addition, we expect this partnership to accelerate the commercial loan production efforts that we have undertaken in the greater Cincinnati market. We believe this merger is a great outcome for our shareholders and positions us for continued success and potential."

Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, the consideration United shareholders will receive is equivalent to 1.027 shares of Civista common stock and $2.54 in cash per share of United common stock. This implies a deal value per share of $26.22 or approximately $114.4 million based on the 15-day average closing price of Civista's common stock on March 9, 2018 of $23.06. Civista and United anticipate that the transaction will qualify as a tax-free reorganization to the extent that United shareholders receive Civista common stock in the merger. The transaction is expected to close in the third quarter of 2018, subject to each company receiving the required approval of its shareholders, receipt of all required regulatory approvals and fulfillment of other customary closing conditions.

Under terms of the agreement, the directors of Civista and the directors and executive officers of United have agreed to vote all shares that they own in their respective organizations in favor of the merger. In addition, a total of three existing United directors will join the Civista Bank Board of Directors and two of those directors will join the Civista Bancshares, Inc. Board of Directors. E.G. McLaughlin is expected to be one of the directors to join both boards.

In preparation for the merger, extensive due diligence was performed over a multi-week period. Under the proposed merger terms, the acquisition of United is expected to be immediately accretive to Civista's earnings in 2018 and thereafter. In addition, any tangible book value dilution created in the transaction is expected to be earned back in approximately 3.5 years after closing. Post-closing, Civista's capital ratios are expected to continue to exceed "well-capitalized" regulatory standards.

Civista will host an investor conference call and webcast on March 12, 2018, at 10:00 a.m., ET, to provide an overview of the transaction and highlights. Participants may join the conference ten minutes prior to the start time by calling 1-855-238-2712 and asking for the Civista Bancshares conference. Additionally, the live webcast may be accessed from the 'Webcasts and Presentations' page of the Company's website, www.civb.com, or from the 'Upcoming Events' tab on the CIVB mobile site.

Sandler O'Neill + Partners, LP acted as financial advisor to Civista and Tucker Ellis LLP acted as its legal advisor in the transaction. Keefe, Bruyette & Woods acted as financial advisor to United and Kilpatrick Townsend & Stockton LLP acted as its legal advisor.

About Civista Bancshares, Inc.

Civista Bancshares, Inc. is a $1.5 billion financial holding company headquartered in Sandusky, Ohio. Civista's banking subsidiary, Civista Bank, operates 29 locations in Northern, Central and Southwestern Ohio. Civista Bancshares, Inc. may be accessed at www.civb.com. Civista's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB". The Company's depositary shares, each representing a 1/40th ownership interest in a Series B Preferred Share, are traded on the NASDAQ Capital Market under the symbol "CIVBP".

prnewswire.com

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To: richardred who wrote (4809)3/16/2018 10:42:00 AM
From: richardred
   of 6084
 
Sold out of CTG today. It was a nice ride. Gives me powder for the watch list when the time is right.

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