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Archive for the 'Urge to merge' Category

Saying a lot in very few words…

Monday, July 7th, 2008

Earlier today, Fresenius SE (FRE3:GY) announced that it was buying APP Pharmaceuticals (APPX) for $4.6 billion, or around $23 a share. The deal represented a substantial premium — just shy of 30% — over where APP’s shares closed on Thursday, before the markets closed for the July 4 holiday.
But what’s really interesting is this 8K [...]

HP’s new warning on mergers…

Thursday, June 12th, 2008

Here at footnoted, we do a lot of reading between the lines as we read the fineprint, trying to figure out exactly what the folks who write this stuff are really trying to say, even when they’re trying very hard to be obtuse. So you can imagine our surprise upon reading this 10Q that Hewlett-Packard [...]

Dell’s goodwill between brothers…

Wednesday, June 4th, 2008

In February, when Dell (DELL) announced that it was buying MessageOne for $155 million in cash, questions were raised because one of the company’s co-founders is Adam Dell, who happens to be the brother of Dell Chairman and CEO Michael Dell. In the release announcing the deal, the company noted that it took “additional steps [...]

Countrywide’s multiplier effect…

Monday, June 2nd, 2008

It’s been a few months since we last checked in on the sex party house a stone’s throw away from where I used to live in Holmes Beach, Fl. that we first footnoted last November. The house, which was once listed at $1.8 million and which Countrywide Financial (CFC), which is set to be acquired [...]

Scenes from TriZetto’s merger…

Wednesday, May 28th, 2008

When TriZetto (TZIX) announced last month that it was being acquired by private equity firm Apax Partners for $22 a share, the stock, which fell sharply in March, quickly bounced back to reflect the buyout price. So investors who bought when the stock fell to around $15 were able to take advantage of a nice [...]