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Wrigley, the merger, and the comment letters…

Monday, April 28th, 2008

The big merger news this morning is that Mars plans to buy Wrigley (WWY) in an $23 billion deal that carries a hefty premium for Wrigley’s shareholders, given Friday’s closing price of $62.45.
But what’s really interesting to me is what role a string of increasingly testy comment letters between the company and the SEC had [...]

Julie Chen avoids the Katie Couric rule…

Monday, April 14th, 2008

One of the things that’s always fascinating to me is how different companies in the same industry handle routine disclosures on various things like perks, or salary, or related party transactions — basically things they’d rather not talk about, but which they’re required to by the SEC.
Take the proxy filed by CBS Corp. (CBSA) late [...]

Pumping penny stocks in the name of acting…

Friday, March 21st, 2008

Being an aspiring actress is no doubt hard work and sometimes you wind up doing stuff you’re less than proud of for the paycheck. Or the clip. Yesterday, the SEC announced that it was suspending trading in three companies: NeoTactix (NCTX), Graystone Park Enterprises (GPKE), and Younger America (YNGR). The suspensions were not for securities [...]

Is the SEC wielding a truth lasso?

Thursday, January 17th, 2008

Forget about Wonder Woman. As some proxies begin to filter in, it looks like Chris Cox and his band of enforcers at the SEC may be wielding their own truth lasso and getting companies to come clean about exactly how much they’re spending on the corporate jet.
How else to explain this proxy filed yesterday by [...]

Unresolved plot lines at Integral…

Monday, December 17th, 2007

Sometimes I think Soap Opera Digest should cover public companies. Case in point: Integral Systems Inc. (ISYS). Integral had a good year, thanks in part to contracts with the Air Force, but it’s still playing out the later episodes of a long-running drama with several sordid plot lines.
Integral’s 10-K (filed last week) reports that in [...]