Monthly Archives: October 2012

Gardner Denver to Explore Strategic Alternatives

Gardner Denver’s Board of Directors, working together with its management team and the Company’s financial advisor, Goldman, Sachs & Co., are exploring strategic alternatives to enhance shareholder value. These alternatives could include, among other things, enhancing the Company’s existing strategic plan or a possible sale or merger of the Company. The Company stated that no decision…

JMB Capital Also Wants Globecomm to Pursue a Sale

The Reporting Persons acquired the Shares for investment in the ordinary course of business. However, the Reporting Persons support the position of Emancipation Capital, LP, as stated in a Schedule 13D filed with the Securities and Exchange Commission on October 16, 2012, and of Discovery Equity Partners, L.P. as stated in Amendment No. 2 to…

Gardner Denver to Explore Strategic Alternatives

Gardner Denver’s Board of Directors, working together with its management team and the Company’s financial advisor, Goldman, Sachs & Co., are exploring strategic alternatives to enhance shareholder value. These alternatives could include, among other things, enhancing the Company’s existing strategic plan or a possible sale or merger of the Company. The Company stated that no decision…

Baker Street’s 13D Filing on Cash Rich Xyratex

The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase of additional Shares desirable, the…

Meldrum Group Calls for Special Meeting at Zix Corporation

Zix Corporation2711 N. Haskell Avenue, Suite 2200, LB 36,Dallas, Texas 75204-2960Attn:  James F. Brashear,           Vice President, General Counsel & Corporate Secretary Dear Mr. Brashear: Rockall Emerging Markets Master Fund Limited, Meldrum Asset Management LLC, Con Egan, Conor O’Driscoll and Fulvio Dobrich (collectively, the “Meldrum Group”) are the holders of an aggregate of 6,250,174 shares of common stock,…

IPAM Sends Demands to Constellation Energy Partners

KEEFE BARTELSTRIAL ATTORNEYSOctober 23, 2012 Board of ManagersConstellation Energy Partners LLC1801 Main Street, Suite 1300Houston, TX 77002 Dear Sirs: As you will note from today’s filing, my client, Investment Partners Asset Management (“IPAM”) now has under management over 5% of the outstanding Master Limited Partnership Class B Units of Constellation Energy Partners LLC (“CEP”).   This…

Sycamore Networks: Full Liquidation Announced

Here’s the full news: Sycamore Networks Signs Definitive Agreement to Sell Intelligent Bandwidth Management Business and Announces Intent to Wind Down Remaining Operations Board of Directors Approves Sale of Intelligent Bandwidth Management Assets, Acceleration of Strategic Options for IQstream, Liquidation and Dissolution of the Company, and Special Cash Distribution Chelmsford, Mass. – Sycamore Networks, Inc….

Marlin Acquiring SCMR’s Legacy Biz

  Marlin Equity Partners to Acquire Intelligent Bandwidth Management Business from Sycamore Networks, Inc. Los Angeles, CA – October 23, 2012: Marlin Equity Partners is pleased to announce that a subsidiary of Marlin (“Marlin”) has entered into a definitive agreement to acquire the Intelligent Bandwidth Management business from Sycamore Networks, Inc. (NASDAQ: SCMR), which includes…

Clinton Group Provides Update on Wet Seal

On October 18, 2012, representatives of the Reporting Persons met with Lynda Davey and Kenneth Rees, both members of the Board. During the meeting, the Reporting Persons encouraged the Board to hire a new Chief Executive Officer and to return excess cash to stockholders as quickly as possible. In particular, the Reporting Persons said that…

What’s Going on at Globecomm Systems?

Globecomm has a market cap of $255 million and an enterprise value of $197 million.  It trades at an EV/LTM EBITDA multiple of 4.6x and an EV/free cash flow multiple of 5.9x. Over the past 12 months, the stock has underperformed the S&P 500 by approx. 34% and the Russell 2000 index by roughly 37%. According to a…

Xstelos Opposes Nabi Transaction

October 16, 2012 Raafat E.F. Fahim, Ph.D.President and Chief Executive OfficerNabi Biopharmaceuticals12270 Wilkins AvenueRockville, Maryland 20852 cc:           Board of Directors Dear Raafat, As you are aware, Xstelos Holdings, Inc. is a long term shareholder of Nabi Biopharmaceuticals, currently owning 2,166,347 shares, or roughly 7.7% of the outstanding stock, making us one of the Company’s largest stockholders. …

Tata Group Bids for Orient-Express Hotels

Orient-Express Hotels Ltd.22 Victoria StreetHamilton HM 12,Bermuda  Attention: Philip R. Mengel, Interim Chief Executive Officer  Dear Mr. Mengel, I am writing on behalf of The Indian Hotels Company Ltd (“IHCL”) and certain other members of the Tata group of companies (collectively with IHCL, the “Tata Entities”).  We appreciated the opportunity to meet with you on…