Daily Archives: April 14, 2018

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Barington Goes Activist on Xerium

Purpose of Transaction. The Reporting Entities acquired beneficial ownership of the shares of Common Stock to which this Statement relates in order to obtain a significant equity position in the Company, the Common Stock of which, in the opinion of the Reporting Entities, was undervalued and represented an attractive investment opportunity when purchased. The Reporting…

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Breitburn Emerges from Ch11 as Maverick

LOS ANGELES–(BUSINESS WIRE)–Maverick Natural Resources, LLC (“Maverick”), announced today that it began operating on April 6, 2018, after it emerged from Chapter 11 as the successor to Breitburn Energy Partners LP (“Breitburn”). Maverick is majority-owned and controlled by funds and accounts managed by EIG Global Energy Partners (“EIG”). As a result of the restructuring process,…

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Genuine Parts to Spin Off Unit in Merger

Essendant And Genuine Parts Company’s S.P. Richards Business To Combine To Form Stronger, More Competitive National Business Products Distributor Creates Combined Company with Enhanced Ability to Serve Customers Through Improved Scale and Expanded Service Capabilities Expected to Deliver Approximately $75 Million in Annual Run-Rate Synergies and Establish Enhanced Financial Profile to Drive More Profitable Growth…