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

To: richardred who wrote (3727)	1/9/2015 10:34:46 AM
From: richardred	Read Replies (1) \| Respond to of 7159

OM Group Investor FrontFour Demands Changes By Simon Casey Jan 9, 2015 9:47 AM ET Message 29656625 OM Group Inc. (OMG), a chemical maker that lowered earnings guidance twice last year, has pursued a mergers and acquisitions strategy that “destroyed significant value,” hedge fund FrontFour Capital Group LLC said. The Greenwich, Connecticut-based fund has taken a stake of more than 5 percent in the company and is prepared to nominate three board members at the next annual meeting if it can’t reach an agreement with OM on “necessary changes,” according to a letter to Chairman and Chief Executive Officer Joseph Scaminace today. FrontFour said OM has a “bloated cost structure” and is overcapitalized. It said the company can cut at least $50 million in costs, release $30 million in working capital and buy back $250 million of stock. OM, based in Cleveland, makes materials used in the manufacturing of magnets, batteries and circuit boards. The shares rose 8.4 percent to $29.68 at 9:44 a.m. in New York. Earlier they gained 9.8 percent, the most intraday since May 2013. No one at the company could immediately be reached for comment. To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net Tina Davis bloomberg.com

To: richardred who wrote (3727)	6/1/2015 8:35:40 AM
From: richardred	Read Replies (1) \| Respond to of 7159

A bulls-eye today. OMG-OM Group. The first one I had this year. OM Group, Inc. Agrees To Be Acquired By Apollo Affiliated Funds In Partnership With Platform Specialty Products Corporation For $34.00 Per Share In An All Cash Transaction. finance.yahoo.com P.S. A clause that leaves open a small chance of a higher bid. The merger agreement includes a "go-shop" period, during which the Board will actively solicit, receive, evaluate and potentially enter into negotiations with parties that offer alternative proposals during a 35-day period following the execution date of the definitive agreement.