 |
Lock in savings now before June 1 rate increase! |
 |
On Dec. 20, MRO
Software made an offer to purchase Datastream for about $122 million, or $6 per share consisting of $1 in cash and $5 in the
form of MRO Software common stock. At the time, the offer represented a premium of 45 percent over Datastream's average closing
price over the prior 15 trading days ($4.15 per ...
On Dec. 20, MRO
Software made an offer to purchase Datastream for about $122 million, or $6 per share consisting of $1 in cash and $5 in the
form of MRO Software common stock. At the time, the offer represented a premium of 45 percent over Datastream's average closing
price over the prior 15 trading days ($4.15 per share). Datastream acknowledged the offer and said its board would evaluate
the offer. On Jan. 8, Datastream announced its decision to reject MRO Software's offer. Datastream's stock was trading in
the $7 range as of Jan. 9.
MRO Software's letter to Datastream included a reference to taking MRO Software's case directly
to Datastream shareholders: 'While we would much prefer to proceed on a negotiated basis, your board should understand that
we are not limiting ourselves to a negotiated transaction. We believe the benefits of the combination for both companies'
stockholders are too compelling to simply abandon our efforts,' the letter said. (See www.mdm.com for the complete text of
this letter and other exchanges between the companies during this time.)
'The logic behind this combination remains
compelling,' said Chip Drapeau, president and CEO, MRO Software. 'The response from the capital markets and Datastream shareholders
to our offer signals significant support for opening negotiations regarding our proposal. We are disappointed by Datastream's
unwillingness to sit down and enter into even preliminary discussions with us. We've made it clear that we would be willing
to increase our offer if Datastream's management would come to the table, justify additional value, and negotiate on behalf
of their stockholders.'
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Social Media Marketing for Distributors Bob DeStefano, SVM E-Marketing Solutions, separates the "hype from the helpful" on social media marketing. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Morrison Supply Company CEO Chip Hornsby talks about his goals for the company & the outlook for 2012. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment