Sonosite within the sights of Samsung

One of the more interesting M&A deals in the works was leaked almost a month ago by Bloomberg. In a story published at the beginning of November, Bloomberg writers  Jeffrey McCracken and Cathy Chan tipped us off to the fact that Sonosite (Nasdaq: SONO)  had hired JP Morgan to rep them in a possible sale of the company to Samsung. Read more

Harbin Electric Lowers Breakup Fee Payable to Tech Full/Tienfu Yang

Do the plaintiff attourneys suing Harbin Electric (Nasdaq: HRBN) know more about the risk of Harbin’s $24-per-share acquisition closing than the rest of the market? It sure seems so. Read more

Harbin Electric to the SEC : “The Dog Ate My Homework”

Yesterday after the close of trading Harbin Electric (Nasdaq: “HRBN”) filed an updated explanation of its purported $38.8 million dollar acquisition of raw land in Xi’an.

Reading the 8-k filing is like listening to a schoolboy come up with colorful excuses why he didn’t come to school with his homework – in short, it’s a Chinese version of the old hokum, ‘The Dog Ate My Homework’ (shout out to my dear friend who came up with that gem in a phone call with me last night!).

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IWB Acquisitions LLC Announces Expiration Date of Offer

Tuesday January 28, 8:05 am ET

NEW YORK, Jan. 28 /Businesswire/ — IWB Acquisitions LLC (“IWB”), a wholly-owned subsidiary of Zackfoot Investments LLC (“ZI”), announced today that its offer to acquire, Inc. (the “Company”) for $5.55 per common share expired at the close of business yesterday, as per the offer letter delivered to the Company’s Board of Directors on January 22nd , 2003.

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Proposal to Acquire

Wednesday January 22, 3:00 pm ET

NEW YORK, Jan. 22 /PRNewswire/ — IWB Acquisitions LLC (“IWB”), a wholly-owned subsidiary of Zackfoot Investments LLC (“ZI”), announced today that it submitted a proposal to acquire, Inc. (Nasdaq: RCOM – News) to its’ Board of Directors. The proposal was delivered this afternoon, and is subject to a number of conditions, including the completion of due diligence satisfactory to IWB and successfully obtaining adequate financing to consummate the transaction.

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” Concentration is my motto – first honesty, then industry, then concentration. ” Andrew Carnegie