Fri, Nov 28, 2014, 7:29 PM EST - U.S. Markets closed early today

Recent

% | $
Quotes you view appear here for quick access.

META Group, Inc. (METG) Message Board

  • tzvi1950 tzvi1950 Aug 10, 2004 9:34 PM Flag

    METG Possibly Going Private?

    Any comments on valuation?

    Meta Group Chairman To Explore Taking Co Private
    08/03 5:51 am (ON)
    Story 0909 (METG)

    WASHINGTON (Dow Jones)--Meta Group Inc. (METG) Chairman Dale Kutnick said Tuesday that he is forming a new company as a vehicle to explore taking Meta Group private.

    According to an amended Schedule 13D filed with the Securities and Exchange Commission, Kutnick is forming Pangea Management LLC with Fulton Capital Management's Henry Skelsey. Pangea will explore acquiring 100% of the outstanding common stock of Meta Group through a merger, a tender offer or other corporate transaction, the filing said.

    Kutnick and Skelsey have an aggregate stake in Meta Group of 14.8%, with beneficial ownership of 2,083,390 shares.

    If Pangea acquires 100% of Meta Group's stock, Kutnick and Skelsey would replace Meta Group's board of directors, the filing said.

    Kutnick said there's currently no agreement between Pangea and Meta Group, and he didn't provide an estimated cost for taking the company private in the filing.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Linn Energy, LLC
NasdaqGSFri, Nov 28, 2014 1:00 PM EST