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16
member
7/18/12 12:56PM
RE: RE: RE: RE: Congrats . . .
15
cnm3d,
I knew about this, but am I wrong in thinking this is not how they are usually described in press release? I assume that the merger agreement says that if short form fails, then will... login to read the rest
Under Delaware law, if you get over 90% of a tender offer the acquirer can force a "short form" merger and force the non-tendering shares to accept the terms the other 90% accepted. Without the... login to read the rest
I assume that if the 90% tender is un-successful, they go to shareholder vote. The 90% tender is simply way to avoid the expenses of vote. I guess I just found their wording odd.
I agree
Thank you. We are a bit frustrated with the price as you could probably have figured.
Given the relatively large insider ownership (+30%) and small amount of hedge fund ownership, it would appear that the probability... login to read the rest
deerwood,
I know you expected higher price, but 20+% return not bad.
I do not see the merger agreement yet, but why 90% tender threshold? Any chance they do not get it (hedge funds block)?
Thoughts on how
Woolly-
Here is my bridge to the 2012 estimates:
$18.4M (Q4 Sales) x 4 = $73.6M + $4M (Galveston contract) = $77.6M
18% gross margin = $14M
Less $8.3M SG&A (excluding D&A and stock-based comp)
2012 EBITDA = $5.7M
This assumes... login to read the rest
Woolly- Thank you for the question.
The fourth quarter was good, in-line with my expectations. The pipeline remains strong, it sounds like they are pretty aggressively pushing into Texas. I wouldn’t be surprised to see some... login to read the rest
CONM should pretty easily be able to get $5.00 per share in a sale. http://investors.conmedinc.com/phoenix.zhtml?c=210408&p=irol-newsArticle&ID=1663039&highlight=
Katana- Thank you for the questions. I had those same concerns as well.
Seeking personal liquidity, a sale was initially proposed by Pappajohn to the rest of the board in November 2010. The board later moved... login to read the rest
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