Many investors believed that it would be just a matter of time before another player jumped into Kohlberg Kravis & Roberts's (NYSE: KKR) bid for Steinway Musical Instruments (NYSE: LVB). Their collective wish came true with the Aug. 12 announcement that privately-held investment firm Paulson & Company had decided to raise KKR's offer price by more than 10 percent. The new proposal is widely regarded as superior to KKR's more »
Recently, Steinway Musical Instruments (NYSE: LVB) was taken private by Kohlberg at around $35 per share in cash, with the total transaction worth $438 million. The $35 per share represents a 15% premium to its recent Friday’s closing price of more than $30.40 per share. Interestingly, at the time of writing, Steinway traded higher, at more than $35.40 per share, indicating that the market thought it could more »
NCR (NYSE: NCR), well known for its position in the financial and banking markets and retail self-service technologies, be it ATM machines or point-of-sale systems, is now making its mark in the hospitality/hotel sector, as well as other businesses. The company has seen bottom-line gains and a jump in the stock price to show for it. I believe the potential customer base for kiosks is growing, a trend that more »
The auto industry has just recorded its highest monthly sales totals in five years, a sign that the downturn that was spurred by skyrocketing oil prices is far behind us. If the upturn continues, it could well have a reverberating effect on the entire economy, particularly on numerous suppliers and complementary product makers. Here are a few such examples, including some that are not readily apparent.
Plantronics (NYSE: PLT)
This more »