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Archive for the 'Urge to merge' Category

Some good timing on Bowne…

Thursday, February 25th, 2010

On Tuesday, after the market closed, Bowne & Co. (BNE) announced that it was being acquired by RR Donnelly (RRD) for $481 million, or about $11.50 a share. Given that Bowne stock closed at $6.97 on Tuesday, there were no doubt some smiles on a few investors’ faces over the news.
Given this, we decided to go [...]

And now, the closing bonus…

Friday, February 12th, 2010

The other day, when we announced our own M&A news with Morningstar (MORN), we poked at some of the crazy things we’ve seen over the years in other M&A deals. Well, we’ve just stumbled across a new one at tiny Home Diagnostics (HDIX), which announced its own deal last week to be acquired for $11.50 [...]

Morningstar acquires footnoted!

Tuesday, February 9th, 2010

For the past 6 1/2 years, we’ve written frequently about various mergers and acquisitions. Today, we have some M&A news of our own: Morningstar (MORN) has acquired footnoted.org. You can download the official press release here, but I wanted to personally share with you why I’m so excited about this deal and why I think [...]

Attorneys swoop into action on K-Tron deal…

Tuesday, January 12th, 2010

Yesterday, Hillenbrand (HI) announced that it was buying K-Tron (KTII) for around $435 million or $150 a share. Given that K-Tron closed at $113 a share on Friday, one would think there would be lots of celebrating, given the 32% appreciation in the stock.
But that’s not exactly the case. Indeed, by the end of the [...]

Marvel Disney matchmaker cashes in…

Friday, January 8th, 2010

The news that David Maisel would be leaving Marvel (old ticker: MVL) once the deal with Disney (DIS) closed had been floating around since early December. Footnoted readers may remember that it was Maisel who met with Disney Chairman Bob Iger back in February and that a few weeks later buckets of options were granted [...]