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williamcarswell

williamcarswell
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  • DuPont leads Dow losers after dim assessment of Chemours spinoff [View news story]
    Where were all these analysts 30-60 days ago, when Peltz was warning of just such an outcome? It might have mattered when there were still ballots to be voted.
    Jun 28, 2015. 02:49 PM | 1 Like Like |Link to Comment
  • Accretive Capital Partners Believes HC2 Holdings' Offer For MCG Capital May Be Superior Than PennantPark's [View article]
    If Falcone tenders, I think he wins
    Jun 12, 2015. 12:15 PM | 1 Like Like |Link to Comment
  • Falcone ups pressure on MCG Capital with boosted bid [View news story]
    Actually, the MCGC people who are "negotiating" with PFLT are future PFLT board members and employees. "Being honorable" has nothing to do with it.
    Jun 3, 2015. 09:27 PM | 2 Likes Like |Link to Comment
  • Accretive Capital Partners Believes HC2 Holdings' Offer For MCG Capital May Be Superior Than PennantPark's [View article]
    Falcone out tonight adding a nickel to HCHC's offer, raising it to $5.30 and giving the MCGC shareholders the choice of a convertible preferred if they so choose. Meanwhile, PFLT job applicants will continue to say $4.75 is better.

    http://yhoo.it/1GlkgUR
    Jun 3, 2015. 06:57 PM | 1 Like Like |Link to Comment
  • Falcone fires back at MCG Capital [View news story]
    Falcone out tonight adding a nickel to his offer, raising it to $5.30 and giving the option of a convertible preferred instead of common at shareholder's choice. I am certain the PFLT job applicants will continue to say $4.75 is better.

    http://yhoo.it/1GlkgUR
    Jun 3, 2015. 06:54 PM | Likes Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    Falcone adds a nickel to offer, plus an option to get a convert. Total offer price is now $5.30. I'm certain the PFLT job applicants will continue to say PFLT's $4.75 is higher and better.

    http://yhoo.it/1GlkgUR
    Jun 3, 2015. 06:51 PM | Likes Like |Link to Comment
  • Falcone fires back at MCG Capital [View news story]
    So because a certain asset has zero value to buyer #1 but has significant value for buyer #2, the seller should should have buyer #1's zero valuation imposed upon him and give buyer #1 that asset for free?

    Regarding ethics, the MCGC people who will work for PFLT and who will be joining its board and collecting director's fees from PFLT have an obvious conflict in attempting to negotiate a higher price from PFLT.
    Jun 3, 2015. 05:21 PM | Likes Like |Link to Comment
  • Accretive Capital Partners Believes HC2 Holdings' Offer For MCG Capital May Be Superior Than PennantPark's [View article]

    Again, the real question, (not the diversions) is why PFLT should be negotiating with its future employees to buy MCGC at $4.75. MCGC management's duty is to realize value for MCGC shareholders, not PFLT's.

    This is an accretive deal for PFLT at prices well over $5. There's just nobody on MCGC's side of the table negotiating on behalf of MCGC shareholders rather than looking out for PFLT director's fees and salaries
    Jun 3, 2015. 07:52 AM | 1 Like Like |Link to Comment
  • Falcone fires back at MCG Capital [View news story]
    The fascinating thing here is that PFLT can easily increase its bid and still have a very good deal for itself. Who is negotiating with PFLT on behalf of MCGC's shareholders? PFLT's future employees?
    Jun 2, 2015. 10:22 PM | 1 Like Like |Link to Comment
  • Accretive Capital Partners Believes HC2 Holdings' Offer For MCG Capital May Be Superior Than PennantPark's [View article]
    Yes there is. He's making it very difficult for MCGC management to give him the brush-off in favor of their new paymasters at PFLT......and if that results in a higher purchase price than $4.75, then there's a great deal more for shareholders.
    Jun 2, 2015. 10:02 PM | 3 Likes Like |Link to Comment
  • Falcone fires back at MCG Capital [View news story]
    MCGC shareholders need to organize quickly. The issue is not (as MCGC management apologists would have it) about Falcone and HCHC. The issue is why PFLT should be allowed to buy MCGC at $4.75 and give no value for MCGC's significant net operating loss carryforwards?

    Of course, MCGC management may not wish to negotiate a higher price with their future employers.
    Jun 2, 2015. 09:56 PM | Likes Like |Link to Comment
  • Accretive Capital Partners Believes HC2 Holdings' Offer For MCG Capital May Be Superior Than PennantPark's [View article]
    Go to SEC EDGAR and read tonight's letter from Falcone. Widening the collar, offering to pay breakup fee, etc......Or you could just read the news at Seeking Alpha
    Jun 2, 2015. 09:43 PM | Likes Like |Link to Comment
  • Accretive Capital Partners Believes HC2 Holdings' Offer For MCG Capital May Be Superior Than PennantPark's [View article]
    Improved offer out tonight per SEC filing.
    Jun 2, 2015. 08:31 PM | Likes Like |Link to Comment
  • Fight between Phil Falcone and MCG Capital gets dirty [View news story]
    New SEC filing out tonight. HCHC improves offer for MCGC.
    Jun 2, 2015. 08:29 PM | Likes Like |Link to Comment
  • Accretive Capital Partners Believes HC2 Holdings' Offer For MCG Capital May Be Superior Than PennantPark's [View article]
    It might be PFLT's "best bet" as well, since they're getting a hell of a deal at the expense of MCGC shareholders.
    Jun 2, 2015. 05:00 PM | Likes Like |Link to Comment
COMMENTS STATS
136 Comments
72 Likes