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


To: richardred who wrote (4161)4/14/2016 3:26:56 PM
From: Rarebird  Read Replies (1) | Respond to of 6272
 
Is this regional bank on your radar?

Message 30543290

If not, it should be.



To: richardred who wrote (4161)5/16/2016 9:00:24 AM
From: richardred  Read Replies (3) | Respond to of 6272
 
RE-TEX Maybe a step closer to a Zoomlion deal? I sold TEX, but I'm hanging on to MNTX. I still think those shares could be put in play because of TEX's stake in MNTX and it's 49% stake in ASVI . The ASVI unit is 51% controlled by MNTX. Should the Zoomlion deal fail. The proceeds money would actually give TEX the money to buy MNTX & ASVI at a discount . TEX already distributes MNTX steer skidders through their dealer network.
Message 29782693
Konecranes to buy Terex unit, full merger scrapped
HELSINKI | By Jussi Rosendahl

Finland's Konecranes ( KCR1V.HE) has agreed to buy Terex Corp's cranes business for ports and factories for 1.1 billion euros ($1.3 billion), in a move that cancels a planned full merger and allows the U.S. firm to pursue talks with a rival suitor.

Konecranes and Terex ( TEX.N) agreed to an all-share merger in August, hoping a deal would help them better cope with cooling Chinese and weak European demand.

But the deal was challenged in January when Terex received a non-binding cash bid from China's Zoomlion Heavy Industries Science & Technology Co ( 000157.SZ), which later sweetened its offer to $3.4 billion.

"The agreement provides Terex with the ability to continue to pursue discussions with Zoomlion ," Terex said in a statement on Monday.

Under the new Konecranes deal, Terex will become a 25 percent shareholder in the Finnish company and Konecranes will aim for annual synergies of about 140 million euros within three years of buying Terex's Material Handling & Port Solutions (MHPS) business.

At 0935 GMT, Konecranes' shares were up 19 percent at 24.55 euros. It said the MHPS business was what had attracted it to Terex and the expected synergies were largely in line with those anticipated from a full merger.

"The Chinese intervention of course changed the picture, but if this deal goes through, I don't think it is any worse than the initial one," chief executive Panu Routila told reporters.

He said the deal would improve Konecranes' growth prospects, especially in its services business as it could help it to win larger outsourcing deals from customers.

The MHPS unit had sales of about 1.39 billion euros last year, compared with Konecranes' revenue of 2.13 billion euros.

"Both companies got what they wanted," said Inderes Equity Research analyst Juha Kinnunen, who has a "reduce" rating on Konecranes stock.

"Compared with the estimated value for the whole company, the price seems high for just one business. But it's the business Konecranes wanted, so it probably makes sense to pay a bit more."

Terex has the right to terminate the deal before the end of the month for a fee of $37 million, if the U.S. company and Zoomlion agree on a sale of Terex as a whole.

Zoomlion declined to comment on the deal or its talks with Terex.

Zoomlion's bid for Terex has sparked some national security concerns in the United States, with a Congress member noting the Chinese company's long-time association with China People's Liberation Army.

(Additional reporting by Tuomas Forsell in Helsinki and Fang Yan in Beijing; Editing by Adrian Croft and Mark Potter)

reuters.com




To: richardred who wrote (4161)3/8/2018 12:57:31 PM
From: richardred  Read Replies (1) | Respond to of 6272
 
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.