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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (3272)3/4/2013 11:32:02 AM
From: richardred  Respond to of 6449
IMO environmental companies will thrive in this administration and in China. Especially with the new appointments in the EPA & DOE today.

Xylem Buys Australia's MultiTrode for $26 Million
On Friday, water management technology company Xylem (NYSE: XYL ) announced that it has acquired privately held Australian water and wastewater tech and services firm MultiTrode for approximately $26 million.

Explaining the purchase, Xylem President and Chief Executive Officer Gretchen McClain noted that "an essential part of Xylem's growth strategy is to acquire companies that complement our own technology and geographic presence." The MultiTrode purchase facilitates both these goals, first by expanding Xylem's presence in Australia and adding technology for "reducing energy consumption, call-outs, failures, and overflows."

Financially, MultiTrode recorded $13 million in sales in fiscal 2012, resulting in a price-to-sale valuation of about 2 on the purchase, significantly higher than the 1.3-times-sale valuation that Xylem's own shares carry. Unsurprisingly, then, Xylem's shares sat out Friday's stock market rally, closing down a small fraction of a percent at $27.49.

To: richardred who wrote (3272)3/16/2013 2:34:33 PM
From: richardred  Read Replies (1) | Respond to of 6449
RE:CCC Activists received two board seat. IMO Starboard will eventually raise it's position to just under the 15%.

Calgon Carbon and Starboard Value Reach Agreement on Board Seats Company Adds Two New Independent Directors to Slate; Independent Director Robert Cruickshank to Retire

Starboard Agrees to Support All Director Nominees at 2013 Annual Meeting


Calgon Carbon Corporation ( CCC) today announced it has reached an agreement with Starboard Value LP (Starboard) and its affiliates regarding the composition of the Board of Directors. Starboard beneficially owns approximately 9.2% of the outstanding shares of Calgon Carbon’s common stock.

Under the terms of the agreement, Calgon Carbon will nominate two new independent directors to the 2013 slate of nominees. Louis S. Massimo, former Executive Vice President and Chief Operating Officer of Arch Chemicals, Inc., and Donald C. Templin, Senior Vice President and Chief Financial Officer of Marathon Petroleum Corporation. Neither is employed by or affiliated with the Company or with Starboard.

The nominations will be included in the Company’s 2013 proxy statement and submitted for stockholder approval at the Company's 2013 Annual Meeting, which has been set for May 1, 2013.

The Company also agreed to amend its shareholder rights agreement to raise the beneficial ownership trigger from 10% to 15%.

The Company also said that long-time Director Robert W. Cruickshank will be retiring at the end of his term and not standing for re-election.

Starboard has agreed to vote all of its shares in favor of each of the Board's nominees at the 2013 Annual Meeting. A total of four director nominees will stand for election at the Meeting, including the two new candidates. If all nominees are elected, the Calgon Carbon Board will be expanded by one seat, to nine directors.

Randy Dearth, Calgon Carbon’s president and chief executive officer, said, “We are pleased to have reached a constructive agreement with Starboard resulting in two excellent new candidates as director nominees. Both individuals will further strengthen our Board with their considerable operational and financial experience and will contribute to our transformation initiatives as we become a leaner, higher-performance enterprise.

“I would also like to express great appreciation to Bob Cruickshank for his wise counsel and invaluable insights as a member of our Board since the Company’s inception. We thank him for his many years of dedicated service.”

Jeff Smith, CEO of Starboard, commented, “The new Board candidates are the outcome of productive conversations with the management and Board of Calgon Carbon. We believe they will make substantial contributions to the Company while serving the best interests of all of its stockholders. We look forward to enhanced value for the benefit of all stockholders.”

The complete agreement between Calgon Carbon and Starboard will be included as an exhibit to the Company's Current Report on Form 8-K which will be filed with the Securities and Exchange Commission (“SEC”). Further details regarding the 2013 Annual Meeting will be included in the Company's definitive proxy materials, which will be filed with the SEC.

The Calgon Carbon Annual Meeting will be held on May 1, 2013, at 1:00 p.m., Eastern Time, at the principal executive office of the Company located at 400 Calgon Carbon Drive, Pittsburgh, Pennsylvania, 15205.

To: richardred who wrote (3272)3/22/2013 11:51:15 AM
From: richardred  Respond to of 6449
A long standing GTC order in MPR was executed yesterday 9.73. Order came through on the dip of some disappoint of earnings. China still needs pollution control big time. I still like the moderate dividend and prospects going forward.