Seeking Alpha

Jim Osman's  Instablog

Jim Osman
Send Message
Jim has been in the securities industry for over 20 years. His previous roles included portfolio manager of a London based special situations fund focusing exclusively on Spinoffs; portfolio manager at a highly regarded specialized equities and derivatives hedge fund based in Chicago, and an... More
My company:
The Edge Consulting Group
View Jim Osman's Instablogs on:
  • TSR Target Takeover Of Spinoff WhiteWave Foods: Kraft, Nestle, Danone, X2 Other Potential Acquirers

    NEW YORK & LONDON--(BUSINESS WIRE)--

    A study by leading advisors TSR and Deloitte discovered a third of US Spinoffs are taken over in the first two years. Now, almost 10 days ago (May 23, 2013), Dean Foods (NYSE:DF) completed the Spinoff / Demerger of its 66.8% stake in WhiteWave Foods (NYSE:WWAV), a leading producer, marketer, distributor and seller of packaged foods and beverages across North America and Europe. It's focused on high-growth product categories that include plant-based foods and beverages, coffee creamers and premium dairy products. Is it the next multi-billion dollar M&A play to rally the restructuring consumer sector?

    Takeover Target:

    According to global leading special situations advisor on Spinoffs, TSR (The Spinoff Report, SpinoffReport.com), with a notable premium over today's value, WWAV could be a potential takeover target in the long term owing to its high growth, higher margin business profile and leadership position in the US's healthy milk products segment. From their exclusive fundamental analysis, they believe that other packaged food firms like $48bn French based fresh milk, baby food and yogurt giant Danone (BN), $228bn Swiss based nutritional, snack food, and health-related major consumer goods company Nestle (NESN) will be interested buyers and find WWAV as such, an attractive takeover target.

    Other Suitors?

    TSR also see other multinational packaged-foods rivals of WWAV like Kraft Foods Group, Inc. (NASDAQ:KRFT), which itself went through a Spinoff last summer and has a rich history of making value oriented and market share enhancing M&A deals. TSR see another two large peers that are currently struggling, facing stiff competition and could benefit notably from the acquisition of WWAV.

    Outperforming the S&P500 by over 6x, both DF and WWAV are recommended holdings of The Spinoff Report's Model Portfolio. It contains their pre-event research recommendations to clients over the past 5 years plus.

    Speaking to TSR's Founder, Jim Osman, he stated: "We believe the growing consumer preference towards healthy plant based and organic milks makes WWAV an attractive buyout target for multinational foods & beverage companies; helping grant instant access to a large-scale local production and distribution infrastructure as well as expand the company's operations to the high-growth categories".

    Jun 04 10:39 AM | Link | Comment!
  • US Hedge Funds Target Value In TSR Special Situations & Spinoffs:...

    Major fund CIO's are looking for a better set of playing cards. 2013's developed markets have surged to all-time highs, e.g. the FTSE100, S&P500, etc.; as such, future benchmark outperforming growth opportunities in equities are undoubtedly going to come from one place, Special Situations & Spinoffs.

    A recent 2013 survey of US wealth managers by leading global advisor, TSR, reveals more strongly than ever that underlying investors "do not want to be left behind in a flourishing market"; and as such are willing to take on slightly more risk for increased performance. TSR returned clients +23% in 2012 and +80% the last 5 years*. Understandably, Fund CIO's are utilizing TSR's expertise and in-depth research on the c100+ Special Situations and Corporate Spinoffs they uniquely source.

    "We've generated average returns of +44% over the last 5 years from the 100+ investments in Spinoffs we've fully analyzed pre-breakup", comments Ryan Mendy, of TSR

    You can enquire here to get the top takeover and buy ideas / analysis from TSR on: e.g. LAMR, CBS, NWSA, DF, ADBE.

    In short; this involves finding, analyzing and buying stocks where the fundamentals are notably strong, a misunderstood corporate change/action is due in the near-future, but the company is under-covered by Wall Street banks and thus mispriced.

    Mendy continued: "Investors want fund managers to put their money to work. With an increased analyst team, we give CIO's the qualified research and ideas they need to improve performance".

    Please contact us for more information jo@spinoffreport.com

    May 29 1:52 PM | Link | Comment!
  • TSR Early Wire Analysis: Autogrill SpA (AGL) / World Duty Free SpA (WDF)

    World's Leading Provider of Food & Beverage and Travel Retail Services / To Spinoff its Travel Retail & Duty-Free Business / M&A Play for Both Businesses Post-Spin / +30% Upside Potential / Enters Our TSR Model Portfolio

    TSR View...

    • Parent - Autogrill SpA (AGL: ex-Spin): AGL will be one of the leading players in the F&B business with a well-diversified portfolio of activities by geography and channel, thanks to various acquisitions done by the company in past few years;
    • Spinoff - World Duty Free SpA (WDF): The Travel Retail & Duty Free business (with revenues of €2.2bn for FY12), will become one of the leading players in the world airport retailing market;
    • Management Exploring M&A Opportunities (Parent & Spinoff): Recently, there was speculation that AGL will look at the possibility of merging its F&B operations with that of the UK peer Select Service Partner (NYSE:SSP) after completion of its partial Spinoff of WDF.
    • Distribution Ratio: For every share held in AGL, shareholders will receive one share in WDF (Travel Retail & Duty Free business);
    • Spinoff Date: end of September, 2013.

    Background...

    On May 3, 2013, AGL's BOD approves the proportional partial demerger of the Travel Retail & Duty Free business into a separate entity named World Duty Free S.p.A. (WDF). The demerger is to be submitted for the approval in the shareholders' meeting on June 6, 2013.

    Country: Sector: Food & BeveragesItaly / Exchange: Borsa Italiana / Current Price: €10.20

    Mkt Cap: c.3.3bn USD / Bloomberg: AGL IM Equity

    please make contact for more information jo@spinoffreport.com (Jim Osman)

    May 29 11:50 AM | Link | Comment!
Full index of posts »
Latest Followers
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.