Wed, Jul. 29, 7:06 AM
Tue, Jul. 28, 5:30 PM
- ACCO, ADT, AMED, AMT, ANTM, APO, AVY, BAH, BDC, BEN, BGCP, BOKF, CARB, CBG, CDK, CFR, CHH, CLF, CRI, DATA, DIN, DORM, DXYN, ESIO, ETN, EVER, EXC, FDML, FLY, GCI, GD, GEL, GIB, GRA, GRMN, GT, GTI, HCBK, HES, HLT, HSIC, HSP, HTA, HUM, HUN, IP, IRT, JAH, JLL, LFUS, LVLT, MA, MDCO, MO, MTH, MTOR, MVIS, NOC, PAG, PCG, PX, Q, RES, ROK, ROL, SAIA, SLAB, SNCR, SO, SONS, SPIL, SPR, SPW, SSE, STNG, STRA, STRZA, TGI, TRI, UBSI, UMC, VNTV, WEC, WEX, WILN, WOOF
Tue, Apr. 28, 7:16 AM
Mon, Apr. 27, 5:30 PM
- AET, AGCO, AIXG, AKS, ALLY, AMG, AUDC, AUO, AXE, BMY, BP, BSX, CARB, CAS, CBR, CIT, CMI, CNC, CNX, COH, CPLA, CRY, DFRG, DORM, ECL, ENTG, ETR, F, FBC, FDP, FLWS, FMER, GAS, GLW, GPI, HMC, HSP, ICLR, IDXX, IIVI, IPGP, IPI, JBLU, JEC, LRN, LXK, MAS, MDXG, MHFI, MRGE, MRK, NCI, NEO, NOV, OFC, OSK, PAG, PFE, PH, PHG, POR, SALT, SC, SIR, SIRI, ST, SVU, TMUS, TXT, UBSI, UPS, UTHR, VDSI, VLO, WAT, WDR, WHR, WWW, WYN, XRS, YNDX
Thu, Apr. 16, 10:21 AM
- "After extensive discussions with interested parties, the interests expressed were unlikely to lead to an acquisition of the entire Company and did not present an attractive alternative to the Company's stand-alone plan," says Carbonite (NASDAQ:CARB). "As a result, the board of directors unanimously determined that it is in the best interest of Carbonite and its shareholders to continue its present strategic course..."
- Carbonite's decision comes 2 weeks after J2 Global stated it's only interested in buying Carbonite's endpoint protection service ops, and not the entire company.
- Overshadowed by the strategic review announcement: Carbonite now expects Q1 revenue to top a prior guidance range of $31.9M-$32.1M and EPS to beat prior guidance of -$0.07 to -$0.09; consensus is at $32M and -$0.08.
- Full-year revenue and EPS are expected to be "within or above" prior guidance ranges of $137M-$138M and $0.08-$0.10. Q1 results are due on April 28.
Thu, Apr. 2, 12:45 PM
Thu, Apr. 2, 10:23 AM
- In a 13D filed today , J2 Global (JCOM +0.3%) states it's willing to start talks regarding an acquisition of Carbonite's (NASDAQ:CARB) endpoint protection service business, but is no longer interested in the rest of the company (integration difficulties are cited).
- J2, which owns a 9.3% stake, is also withdrawing its board slate for Carbonite's upcoming annual meeting. It still thinks Carbonite should pursue a "value maximizing transaction."
- J2 made a $15/share tender offer for Carbonite in December. Carbonite officially rejected it a couple weeks later.
Thu, Apr. 2, 9:13 AM
Tue, Feb. 3, 7:09 AM
Mon, Feb. 2, 5:30 PM
Fri, Jan. 9, 5:48 PM
- Carbonite's (NASDAQ:CARB) board has "unanimously rejected" J2 Global's (NASDAQ:JCOM) $15/share tender offer (announced on Dec. 24), declaring it "substantially undervalues the company."
- Carbonite closed at $13.90 today, 7% below J2's offer price. Is the company simply playing hardball? Back in September, SA Pro author Alternative Activist noted activist Discovery Group (has a stake in Carbonite) has "helped push over 50% of its 53 targets toward an acquisition."
Dec. 24, 2014, 9:05 AM
- After years of takeover drama, j2 Global (NASDAQ:JCOM) has informed Carbonite (NASDAQ:CARB) of its intention to commence a cash tender offer to acquire all the outstanding shares of Carbonite at $15/share.
- Carbonite is flying on the news, up over 8% premarket.
- Previously: J2 offers to buy Carbonite (again) (Dec. 03 2014)
Dec. 4, 2014, 11:34 AM
- Mohamed Ali, H-P's (HPQ -0.8%) chief strategy officer for the last two years, has left to become cloud backup service provider Carbonite's (CARB -1.7%) CEO. Ali replaces co-founder David Friend, who remains Carbonite's chairman.
- Ali's departure comes as H-P gets set to spin off its PC/printing ops, and signals an interest in making acquisitions for its enterprise IT ops. The company recently shook up its enterprise hardware leadership.
- Yesterday: Carbonite receives buyout offer from J2 Global
Dec. 3, 2014, 12:45 PM
Dec. 3, 2014, 9:58 AM
- Cloud backup service provider Carbonite (CARB +23.3%) says it has received an unsolicited $15/share ($404M) buyout offer from J2 Global (JCOM +1.6%). Carbonite's board will review the proposal.
- Carbonite has soared to $14.49 on the news. Back in 2012, J2 offered to buy Carbonite for $10.50/share. The company has acquired a string of Internet services firms (I, II) in recent years.
Oct. 30, 2014, 7:44 AM
CARB vs. ETF Alternatives
Other News & PR