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KKR acquires LCY for 1.56 billion
KKR acquires Web MD for 2.8 billion
KKR acquires envision
KKR acquires BMC software
KKR acquires Bay Club
KKR acquires Pharmerica
KKR acquires Hyperion
KKR acquires Gardner Denver
KKR acquire Nature's Bounty
KKR invest in Lyft
KKR acquires with LGC
I kind of thought that post was Mctarpans
Do they specialize in acquisitions, chemicals, corn? Spell it out.
Do you think KKR bid on BioAmber?
That deal seems to be structured like the American Airline deal:
TAIPEI – July 22, 2018 – LCY Chemical Corp. (“LCY” or the “Company”) (TPE: 1704) and global investment firm KKR today announced the signing of a share exchange agreement for a consortium led by KKR to acquire all of the issued and outstanding shares of LCY for TWD 56 per share in cash, adjusted to include a TWD 2.90 per share dividend (rounded to the nearest TWD 0.01) (ex-dividend offer price is TWD 53.10 per share). The transaction, which has been unanimously approved by the board of directors of LCY upon the recommendation of its Audit Committee comprising independent directors, represents a total market capitalization of approximately TWD 47.8 billion (USD 1.56 billion).
The offer price represents a premium of 17.28% to LCY’s closing price on 20 July 2018, the last trading day prior to the transaction announcement. It also represents a premium of 19.2%, 23.0% and 24.3% over the 30-day, 90-day and 180-day average closing prices, respectively .
It may, I look and feel like Mad Monkey's picture as we wait on buy out news.
Archer-Daniels-Midland Company
Submitted SEC filings 9/5/18 to use for acquisitions (among other uses) - funds will be available on 9/12
Executive traveled by private jet from Chicago to Sarnia on 9/5/18
Shareholders as of 9/6/18 - Maybe was waiting till after this date because of dividend payment?
Evidently, the company paid dividends of $379 million to shareholders in the first half of 2018. Also, it declared quarterly dividend of 33.5 cents per share payable Sep 6, 2018
Very coincidental the funds would be ready for use on 9/12 and also coincidental is the executive arriving in Sarnia today by private jet, the same day as the filing.
The entire board resigned Friday- I think the transaction has closed or will close any day
PWC still shows 9/4 as the last update
Maybe they can come up with 6 million shares
Perfect scenario
BioAmber used Cargill's patented yeast as would AMD.
Tic toc
Private executive traveling to Sarnia - aka “the Kraken”
Closing today?
Outstanding DD!
Indeed. All the bashing in the world won’t help the shorts now. Buying is coming in from the real world - not just the Ihub community. The volume and money pouring in are staggering. The huge partnership has given MNKD wings.
Huge partnership for MNKD!
In the monitors 5th report recapitalism of the shares is stipulated several times.
Over 81 million traded so far today. Follow the money - major money.
Stock price is at its lowest because of q and liquidation threat.
This was sub penny the day Eno announced no bidders. Record volume that day
Creditors list seems to be separate
Wow!
Was PTT on it
Service list was updated on 8-28.
Does anyone remember if PTT was on the service list before updated.
Cargill and BDP, Mitsui and Mitsubishi on the updated list.
Outstanding!
The Sarnia plant has been answering their phones through Friday. No one picking up today.
Would be great to hear something from PWC today. If they file the closing transaction with the courts, do we have access to that filing?
You should have been negotiating the sale.
Someone previously posted that warrants would probably be settled for total figure - not pps- if they are still in play
Wide range of bids should put sale price well above 75 million
My guess - it’s PTT
USAirways merged with American Airlines, shareholders made mega money
Outstanding!!!
Debt will be paid and potential revenue is staggering
Do they show up on the flight schedule from last round of bidding process?
Who has the keys to the plant? Did PWC give them to the buyer yet? This week should be interesting.
Board has resigned
From last PWC report -
Eno and Millis would remain in liquidation scenario
At closing of transaction buyer will take possession of shares if applicable
From article below:
Wide range of bids
Some bidders want to keep plant running
https://lfpress.com/news/local-news/bioamber-creditor-protection-extended/wcm/039a97db-0ba2-4ea3-9ea0-57709ef272cd