RST – Rosetta Stone
Bill Simpson (April 16th, 2009) Writes:
Current Market News, general corporate purposes, Investing Lessons, Jefferies, Morgan Stanley, Piper Jaffray, robert baird, Rosetta Stone;, RST, Stocks to Watch, USD
Bill Simpson (April 16th, 2009) Writes:
Bill Simpson (May 14th, 2008) Writes:
CFX – Colfax plans on offering 18.8 million shares at a range of $15-$17. Insiders are planning on selling 11 million shares in the deal. Merrill Lynch, UBS and Lehman will be lead managing the deal; Robert Baird, BofA, Deutsche Bank, and KeyBanc will be co-managing. Post-ipo CFX will have 41.2 million shares outstanding for a market cap of $659 million on a price of $16. Approximately 1/3 of ipo monies will be used to repay debt, 2/3’s will go to insiders in the form of bonuses, dividends and reimbursements.
Capital Yield Corporation will own 21% of CFX post-ipo. Capital Yield is the selling shareholder on ipo.
From the prospectus:
‘We are a global supplier of a broad range of fluid handling products, including pumps, fluid handling systems and specialty valves.’
CFX specializes in rotary positive displacement pumps. What …