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


To: richardred who wrote (2909)10/10/2011 8:22:29 PM
From: ~digs  Respond to of 6154
 
to clarify, I don't live in MN any longer but I like to see companies from there do well.. kinda like rooting for Twins baseball



To: richardred who wrote (2909)5/2/2013 1:57:03 AM
From: richardred  Read Replies (1) | Respond to of 6154
 
Bulls-eye today with backyard company VERA. Making it four Takeouts for myself this year. Just one of two penny stocks I own. Looks like a stingy bid however. Just when things looked to be brightening. I was in at .40 with my last buy. So I'll take it. I missed it earlier because I don't have it on my watch list. Drove right buy it on my way to work today without a clue what went down.

Veramark Agrees to Be Acquired by Varsity Acquisition LLC for $0.98 per Share in Cash






ROCHESTER, NY--(Marketwired - May 1, 2013) - Veramark Technologies, Inc. (OTCQB: VERA) (the "Company"), a leading provider of Telecom Expense Management ("TEM") solutions, today announced that it has entered into a definitive merger agreement with Varsity Acquisition LLC ("Varsity") and All Big Ten Holdings, Inc., a wholly-owned subsidiary of Varsity ("Merger Sub") under which Merger Sub will acquire all of the outstanding common stock of the Company, par value $0.10 per share, for $0.98 per share in cash. The $0.98 per share price represents a 38% premium over the 90-day average of the Company's shares and a 29% premium to the closing price of the Company's shares on April 30, 2013.

A special committee of the Company's Board of Directors, consisting solely of independent directors, and the Company's Board of Directors have both unanimously approved the transaction. The Special Committee undertook deliberate and comprehensive negotiations with Varsity to obtain an attractive cash offer for the Company's shareholders. In determining whether to approve the transaction, the Special Committee also obtained and considered a fairness opinion from an independent third-party advisor. The Special Committee ultimately concluded that Varsity's offer is fair to, and in the best interest of, the Company's shareholders.

Under the terms of the agreement, Merger Sub will commence a tender offer to purchase all outstanding shares of the Company on the fifth business day following the end of a 45-day "go-shop" period. Merger Sub's obligation to purchase the shares of the Company's common stock tendered in the tender offer is subject to certain conditions, including that the number of shares of the Company's common stock that have been validly tendered and not properly withdrawn, together with the shares beneficially owned by Varsity or Merger Sub, if any, represent at least a majority of the outstanding shares of the Company's common stock.

If Merger Sub owns at least 90% of the Company's outstanding shares as a result of its current shareholdings, shares tendered in the tender offer and the issuance of new shares by the Company pursuant to a "top-up" provision in the merger agreement, Merger Sub intends to cause the Company to enter into a short-form merger pursuant to which shares not tendered in the tender offer would be converted into the right to receive $0.98 per share in cash without interest. If Merger Sub does not own at least 90% of the Company's outstanding shares as a result of its current shareholdings, shares tendered in the tender offer and the issuance of new shares by the Company pursuant to the top-up provision in the merger agreement, the Company intends to solicit proxies from its shareholders in support of a merger between the Company and Merger Sub.

The transaction does not require antitrust approval and is expected close in the second quarter of 2013 subject to satisfaction of the tender offer conditions and customary closing conditions.

Martin Wolf M&A Advisors acted as the financial advisor to Varsity and AGC Partners acted as financial advisor to the Company in connection with the transaction. The Company received a fairness opinion from a third-party advisor in connection with the transaction.

About Veramark Technologies, Inc.
Veramark eliminates telecom distractions for performance-driven organizations that demand value from their communication investments. The Company's solutions leverage the power of intuitive technology and problem-solving people to simplify telecom management and convert complex data into actionable intelligence. Veramark helps ensure that its customers need what they buy, buy what they need, and pay what they should for telecom. Veramark is one of only six independent U.S.-based TEM companies included in Gartner's 2012 Magic Quadrant for Global TEM Report. Veramark is trusted by more than 3,000 organizations around the world. For more information, visit www.veramark.com.

Forward-looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Act") that discuss Veramark's beliefs, expectations or intentions pertaining to, among other things, the tender offer transaction described above, as well as the Company's operations, markets, products, services, prices and performance. Forward-looking statements and the success of Veramark generally involve numerous risks and uncertainties, such as trends of the economy, interest rates, income tax laws, governmental regulations, legislation and those risk factors discussed under the headings "Risk Factors" and elsewhere in Veramark's filings under the Act. Veramark cannot guarantee that any of its forward-looking statement will prove to be accurate, although it believes that it has been reasonable in its expectations and assumptions. Forward-looking statements are subject to the risks identified in "Risk Factors" and elsewhere in Veramark's filings under the Act. Readers are cautioned not to place any undue reliance on Veramark's forward-looking statements. Veramark does not undertake to update any of its forward-looking statements except as required by law.

Additional Information
This Press Release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any of the shares the Company's common stock. The tender offer described in this Press Release has not yet been commenced. Varsity and Merger Sub intend to file a Tender Offer Statement on Schedule TO, including an Offer to Purchase, Letter of Transmittal and additional related tender offer documents (the "Tender Offer Documents") with the Securities and Exchange Commission (the "SEC"). Investors and stockholders of the Company are strongly advised to read the Tender Offer Documents, the related solicitation/recommendation statement on Schedule 14D-9 that will be filed by the Company, and other relevant materials when they become available, because such materials contain important information regarding the tender offer. When they are available, stockholders will be able to obtain these documents without charge from the SEC's website at ctt.marketwire.com. Copies can also be obtained at no charge by directing a request to the Company at Veramark Technologies, Inc., 1565 Jefferson Road, Suite 120, Rochester, New York 14623, or by phone at (585) 381-6000.

Veramark and VeraSMART are registered trademarks of Veramark Technologies, Inc. MySMART and Veramark Value Acceleration Process are trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.


Contact:

Andrew Tempest
Director of Marketing
Tel: 585.383.6883



To: richardred who wrote (2909)9/12/2016 10:52:33 AM
From: richardred  Read Replies (2) | Respond to of 6154
 
New buy today SENEA - Seneca Foods- A backyard company for myself.
B&G foods Opened the bell to the NYSE today. They had their iconic Green Giant character on a banner. I'm a big fan of food packaging. Companies are doing a much better job than they used to. I personally like using the microwavable pouches for frozen food products like pre-made meals & vegetables.

FWIW- IMO SENEA would be a good fit for B&G (Supply Chain)

B&G Foods hungry for more acquisitions
foodbusinessnews.net





New Libby’s® Vegetable Pouches Help Deliver Dinner in a Flash
by Libbys on September 7, 2016

Marion, N.Y. (September 7, 2016) – Libby's® Fruits & Vegetables announced today the launch of brand-new Libby's® Vegetable Pouches, which will begin rolling out at retailers across the country. A first for the vegetable market, Libby's® Vegetable Pouches will sit alongside their canned counterparts on the shelf, but cook in less than 60 seconds in their own pouch – no pots or heating containers needed. The result: hot, nutritious vegetables in a flash and more time to enjoy food and family.

“Although most parents know vegetables are healthy, they are served at only 23 percent of dinners[1]. Libby’s understands that parents need options for bringing vegetables to the table that they can feel good about and that help preserve important family time,” said Bruce Wolcott, Vice President of Marketing for Seneca Foods. “New Libby's® Vegetable Pouches bring farm-fresh goodness to busy families, providing a wholesome addition that cooks quickly and is easy to enjoy together.”

Libby’s designed these state-of-the-art, lightweight pouches containing Libby's® Vegetables to make preparing and serving hot vegetables more convenient than ever. Libby's® Vegetable Pouches:

Come in five family favorites – Sweet Peas, Cut Green Beans, Sliced Carrots, Whole Kernel Sweet Corn and Mixed Vegetables – and are all grown and packed in the United States
Stand up straight, are flexible, easy to open and fit nicely into kitchen cabinets, taking up less space
Are shelf-stable – no need for refrigeration
Can be served hot or cold, by themselves or as the star ingredient in side dishes, appetizers and other recipes

To introduce the new Vegetable Pouches, Libby’s is teaming up with Donatella Arpaia, Celebrity Chef, Restaurateur and Head Judge on Food Network’s Iron Chef America, to develop exclusive recipes featuring the Vegetable Pouches. Arpaia’s recipes will be featured in the Libby's® Digital Recipe Box at www.getbacktothetable.com, among hundreds of others that provide quick and easy ideas for preparing and serving vegetables.

“As a working mom, I know firsthand how tough it can be to get the wholesome goodness of vegetables on the dinner table after a busy day,” said Arpaia. “Libby's® Vegetable Pouches are the perfect solution for these time-crunched moments, as they’re an easy, quick, healthy and delicious addition to side dishes, main courses and even appetizers. I can’t wait to share my new Vegetable Pouches recipes with other busy parents.”

About Libby’s® Fruits & Vegetables

Libby’s, the nation’s second largest brand of canned vegetables, has been a staple on American dinner tables since the 1880s. With 117 product varieties, Libby’s offers among the industry’s most complete lines of canned fruit and vegetables, including Libby's® Naturals, which contain no added sugar or salt. Since 1983, Libby's® Fruits & Vegetables have been produced and distributed by Marion, N.Y. based Seneca Foods Corporation, an independent, publicly traded, fully integrated food processing company. For more information on Libby's and Seneca Foods visit www.senecafoods.com. For information on Libby’s mission, visit www.getbacktothetable.com, like Libby’s on Facebook, or follow @LibbysTable on Twitter or Pinterest.
getbacktothetable.com