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Archive for the 'M&A' Tag

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 [...]

Are Financial Fed execs jumping the gun on deal?

Tuesday, January 5th, 2010

Back in November, Financial Federal (FIF) announced that People’s United Financial (PBCT), a bank I used to cover very closely when I worked in New Haven, was buying the financing company for around $738 million. The deal caused a nice pop in Financial Federal’s stock after the news was announced.
But it was this 8-K filed [...]

On Chattem Execs and retention bonuses…

Wednesday, December 30th, 2009

While business often slows down at many companies during the holiday season, that doesn’t appear to have been the case at Chattem, Inc. (CHTT), where the company’s attorneys have been filing a flurry of documents with the SEC related to its deal announced last Monday to be acquired by Sanofi-aventis (SNY). Sanofi, however, which is [...]