Thu, Jan 29, 2015, 5:36 PM EST - U.S. Markets closed

Recent

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

Actuate Corporation Message Board

  • actuhope actuhope Nov 5, 2008 3:00 PM Flag

    Management buyout?

    Anyone think this is an effort for a management buyout on the cheap? What % does managment own after the $60M purchase?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • IBM , in my opinion, will not let ORCL buy ACTU that cheap.....ACTU is an IBM Rational Partner....If ORCL , buys ACTU then , ORCL will be the fly on the wall inside IBM......IBM will not let that happen IMHO......& their is added value for BIRT, where trends are going

    • If they own 28% after the auction, provided all the shares were tendered, then they will be in more control of a takeover situation. I still would like to see an offer surface.

    • You bring up a good point. I've always thought private equity or mgmt. would want to do this, but private equity funds are almost non existant and I don't know where they would come up with the money. I don't think Nico has a spare $130m laying around. But if he got a few of his buddies to come in on the deal, it would make sense.

      • 1 Reply to bimmertx
      • I think the 60 mil, revolving credit card , may be better then Private Equity ......ACTU will pay Wells Fargo , far less.......& ACTU control their deal....I don't think,( in ACTU's case } , Private Equity , could give ACTU the Forward Plan....because , ACTU is making their own path thru the woods..

        So , Private Equity , may have only been good for " money", & Wells Fargo , would be cheaper....If today is an example of how our stock will behave , then , what we have been watching before , was , traders & their games.....ACTU will most likely, stair step the stock up , with new tenders , if shares continue to be hard to get....I like it....IMHO

 

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.