Linde Investor Group Voices Governance Concerns with Praxair Merger

Germany’s oldest and largest association for private investors, Deutsche Schutzvereinigung für Wertpapierbesitz e.V. (DSW), will send a letter to Linde management to try andfeatured

Former Dutch Senator Doubts PPG Goes Hostile

With additional reporting by Rachel Rigby – A former member of the Senate of the Netherlands told CTFN that he doubts that PPG will go hostile with its offer for AkzoNobel, because it wouldfeatured

Cabela’s Progressing with Sale of Credit Card Portfolio

Cabela’s Inc. has been exploring a number of options amid pressure from Elliott Management, which has amassed an 11.3% stake in the specialty retailer and has been pressing Cabela’s to explore a sale of the company, convert its $1.5 billion real estate holdings into a REIT, and sell off its $5.0 billion credit card portfolio. … Read Morefeatured

Kohl’s Appears Able to Service Debt for LBO

Lackluster sales, slow growth, and diminishing profitably stitch together a pattern arguing the case for Kohl’s Corp. to become a private company rather than continuing in the public arena, analysts tell CTFN. The Wisconsin-headquartered department store chain offering private label, exclusive, and national brands, is mulling taking itself off the public market according to a … Read Morefeatured

Microchip Has Advantage over Dialog in Atmel Contest

Microchip, the microcontroller manufacturer based in Chandler, Arizona, has the advantage over Dialog Semiconductor in the bidding war for Atmel, said a source familiar with the matter as well as two Atmel investors. Dialog, based in London, has the wherewithal to increase its offer, the sources said. But even if it does, Microchip probably has … Read Morepublic

Local TV News Story Spurs Chatter on Bass Pro Purchase of Cabela’s

KULR-8, an NBC affiliate station broadcasting from Billings, Montana, reported Wednesday that an anonymous Cabela’s staff member told the media outlet that store management had confirmed to employees on Monday that a competitor may buy out Cabela’s. The sources told KULR-8 that a deal was finalized November 9, and that the formal takeover will be … Read Morefeatured

Viavi Solutions No Longer in Active Sale Mode

Viavi Solutions, JDSU’s former network test and measurement arm, is no longer in an active sale process, said company spokesperson Bill Ong. He admitted that when JDSU spun off its optical components business earlier this year into Lumentum and renamed its test and measurement business Viavi, the company explored the idea of a sale. “As … Read Morefeatured

Bass Pro-Cabela Rivalry Clouds Combination

Cabela’s Inc., the world’s foremost outfitter of outdoor, fishing, and hunting gear, finds it is now the one being hunted. Shares of the Sidney, Nebraska-headquartered company surged some 13% Thursday on reports that privately held Bass Pro Shops is fishing for a deal. Cabela’s has been mulling options amid pressure from Elliott Management. The activist … Read Morefeatured

JANA Pushes Case for Qualcomm Separation

May 11, 2015 – by Gary M. Stern – Mired in a stock slump, Qualcomm is facing a shake-up from activist investor Jana Partners. Having invested $2 billion in the company, Jana contends that the stock is undervalued and major changes need to be implemented. Jana has asked the board to conduct a review of … Read Morefeatured

Interview: Rackspace’s Cloud Expertise in Demand, No Logic in Splitting Company

Rackspace Hosting, Inc. (RAX) can claim bragging rights as one of last year’s unexpected turnaround stories. Shares of the global cloud computing company racked up a 20% gain in 2014 (climbing almost 50% from its low), comfortably better the broad based S&P 500 Index’s 11.4% rise. As notable as last year’s gains were, it was … Read Morefeatured

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