Continuing my coverage of ridiculous press releases, today’s email reveals one that may top “Mekong Capital Overcomes Exhaustion!” The pitch is titled “No Country For Old Men. Mature Male Executives Taking Extreme Measures to Keep their Jobs,” courtesy of 5WPR. Ignoring the hint of “manufactured trend,” it seems innocent enough, right? Not really. I read on to learn, to my horror, that the pitch is really suggesting I cover the “story” of middle-aged executives getting Botox and hair transplants to keep their jobs. To quote directly from the grammatical nightmare of a pitch,
(Reuters) – Rockwell Diamonds Inc (RDI.TO: Quote, Profile, Research, Stock Buzz) asked its shareholders to reject an unsolicited offer made by Pala Investments Holdings Ltd to buy the company for C$85.7 million ($81.85 million). “The offer significantly undervalues Rockwell and would deprive our shareholders of significant upside potential from the strong production growth we anticipate […]
IRG Capital Group and Blackbird Capital Partners appear to have backed out of a deal to buy the assets of Norwalk Furniture Group, a Norwalk, Ohio-based maker and retailer of upholstered furniture. The two firms had missed the original August 15 closing date, but later reaffirmed their interest in acquiring the company, following additional due […]
MBF Healthcare Acquisition Corp. (AMEX: MBH) has again revised the terms of its pending buyout of Critical Homecare Solutions Holdings Inc., which it originally agreed to acquire from Kohlberg & Co. back in February. The original cut was from $534 million to $479 million, and came after a financing commitment letter from Jefferies Finance expired […]
Perseus LLC has agreed to acquire the Physicians Interactive business of Allscripts Healthcare Solutions Inc. (Nasdaq: MDRX), for an undisclosed amount. Physicians Interactive provides online clinical education programs that enable life sciences companies to reach physicians. PRESS RELEASE Allscripts Healthcare Solutions, Inc., the leading provider of clinical software, connectivity and information solutions that physicians […]
Lime Rock Partners and Thompson Street Capital Partners have completed their acquisition of Industrial Rubber Products Inc. (OTC BB: INRB), a Hibbing, Minn.-based maker of protective coatings for the pipeline and industrial markets. IRP stockholders received $16.50 per share. Stifel, Nicolaus & Co. managed the sell-side process. ORIGINAL PRESS RELEASE Industrial Rubber Products, Inc. (Pink […]
FRANKFURT (Reuters) – U.S. car maker Chrysler LLC, run by private equity house Cerberus, expects to sell 33 percent fewer cars this year, German magazine auto motor und sport reported, citing a Chrysler manager. Unit sales will drop to 1.8 million cars this year, down from 2.7 million cars last year, and Chrysler plans to […]
LONDON (Reuters) – Travel reservations company Amadeus Global Travel Distribution’s plans to profit by buying back its leveraged loans at a discount in the beaten-down secondary market are riling investors, senior banking sources said on Friday. Amadeus has asked its lenders to amend its 5.2 billion euro ($7.54 billion) loan to allow it to buy […]
MILAN (Reuters) – Italian banker Matteo Arpe’s Sator private equity fund has struck its first deal, taking a 40 percent stake in Baglioni Hotels with an investment of 30 million euros ($43.52 million), Sator said on Friday. Arpe quit as chief executive of Capitalia last year when the bank was sold by his chairman, Cesare […]
BRUSSELS, Sept 19 (Reuters) – U.S. private equity investment company Gores Group won permission from the EU competition regulator on Friday to buy communications products company Siemens Enterprise Communications from Siemens AG (SIEGn.DE). The European Commission said in a statement that the deal, announced in July, would not have a significant impact on competition in […]