Nadia's Feed
Aug 2, 2013

Compuware takes another shot at sale -sources

NEW YORK, Aug 2 (Reuters) – Management software company
Compuware Corp CPW.O has renewed efforts to sell itself,
courting not just the buyers of rival BMC Software Inc (BMC.O: Quote, Profile, Research)
but also CA Technologies Inc (CA.O: Quote, Profile, Research) and other buyout firms,
several people familiar with the matter said.

Compuware rejected a $2.3 billion offer from New York-based
hedge fund Elliott Management Corp in January and asked Goldman
Sachs Group Inc (GS.N: Quote, Profile, Research) and Allen & Company to seek a better
offer. Seven months later, no higher bid has emerged.
[ID:nL1N0BL8EN]

Aug 1, 2013

Some Dell swing shareholders ready to compromise – sources

NEW YORK, July 31 (Reuters) – Some of Dell Inc’s
largest investors who have abstained from voting on a $24.4
billion bid led by founder Michael Dell to take the No. 3
PC-maker private told the company’s board this week that they
would back the deal at the buyout group’s latest offer price,
three sources close to the matter said.

The change of heart comes even as the special committee of
Dell’s board on Wednesday rejected new voting terms in a revised
bid by Michael Dell and private equity partner Silver Lake,
which raised their offer price last week by a dime to $13.75 per
share on the condition the voting rules were changed. Currently,
shareholders who abstain are counted as voting against the deal,
but the buyout group wanted those investors to be excluded from
the tally.

Jul 19, 2013

Microsoft in talks with ValueAct over board seat -sources

NEW YORK/SEATTLE (Reuters) – Members of Microsoft Corp’s (MSFT.O: Quote, Profile, Research) board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands to secure a seat on the company’s board, two sources close to the matter said.

ValueAct, which wants a say in the way the world’s largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said.

Jul 19, 2013

Exclusive: Microsoft in talks with ValueAct over board seat – sources

NEW YORK/SEATTLE (Reuters) – Members of Microsoft Corp’s board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands to secure a seat on the company’s board, two sources close to the matter said.

ValueAct, which wants a say in the way the world’s largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said.

Jul 18, 2013

Dell puts off buyout vote; still short despite crucial backers

ROUND ROCK (Reuters) – Dell Inc postponed a crucial vote on CEO Michael Dell’s$24.4 billion buyout offer to July 24, buying time to solicit more proxy votes and drum up more support despite winning over several large swing shareholders at the eleventh hour.

The company co-founder and partner Silver Lake fell short of the votes needed to push through the largest buyout since the financial crisis, even though Vanguard and BlackRock Inc are now on board with the proposal, a source familiar with the matter told Reuters on Thursday.

Jul 5, 2013

Preview: BlackBerry investors to turn up the heat on management

TORONTO/NEW YORK (Reuters) – BlackBerry (BBRY.O: Quote, Profile, Research) will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker’s share price.

Sales of BlackBerry’s make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts’ expectations and offered little evidence that the company can quickly win back market share from Apple Inc’s (AAPL.O: Quote, Profile, Research) iPhone, Samsung’s (005930.KS: Quote, Profile, Research) Galaxy devices, and other phones powered by Google Inc’s (GOOG.O: Quote, Profile, Research) Android operating system.

Jul 5, 2013

BlackBerry investors to turn up the heat on management

TORONTO/NEW YORK (Reuters) – BlackBerry (BBRY.O: Quote, Profile, Research, Stock Buzz) will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker’s share price.

Sales of BlackBerry’s make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts’ expectations and offered little evidence that the company can quickly win back market share from Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone, Samsung’s (005930.KS: Quote, Profile, Research, Stock Buzz) Galaxy devices, and other phones powered by Google Inc’s (GOOG.O: Quote, Profile, Research, Stock Buzz) Android operating system.

Jul 3, 2013

Exclusive: Francisco Partners plans GXS IPO after exploring sale

NEW YORK (Reuters) – Buyout firm Francisco Partners LP said on Wednesday that GXS Worldwide Inc, the provider of electronic commerce services it has majority control of, was planning an initial public offering after it explored an outright sale of the company.

“We are planning a refinancing of GXS and a subsequent IPO,” Francisco Partners said in a statement to Reuters. “We carried out a market check with JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) and although the valuations we received were reasonable, we did not think they were compelling for us to sell GXS at this moment.”

Jul 3, 2013

Francisco Partners plans GXS IPO after exploring sale

NEW YORK, July 3 (Reuters) – Buyout firm Francisco Partners
LP said on Wednesday that GXS Worldwide Inc, the provider of
electronic commerce services it has majority control of, was
planning an initial public offering after it explored an
outright sale of the company.

“We are planning a refinancing of GXS and a subsequent IPO,”
Francisco Partners said in a statement to Reuters. “We carried
out a market check with JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) and although
the valuations we received were reasonable, we did not think
they were compelling for us to sell GXS at this moment.”

Jun 26, 2013

Car-safety technology company DriveCam picks banks for IPO: sources

By Olivia Oran and Nadia Damouni

(Reuters) – DriveCam, a company that develops technology aimed at curbing driver errors, has selected banks for an initial public offering, according to three sources familiar with the matter.

The San Diego, California-based company has tapped Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz), Barclays PLC (BARC.L: Quote, Profile, Research, Stock Buzz) and Credit Suisse AG (MLPN.P: Quote, Profile, Research, Stock Buzz) to lead the deal, which is expected to come later this year, two of the sources said on Wednesday.