Tag Archives: Digital First Media

Spinoff Odds & Ends: Updating M&A situations at $NAVI and $GCI

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Update on M&A Canyon Capital offered $12/share to acquire student loan processor Navient (NAVI), but the student loan servicing company’s management forcefully and publicly rejected the proposal. Basically, management felt the offer undervalued the company and want a bid more in the $14-15 range. Canyon was apparently surprised by the hostile tone since the offer represented a significant premium… Read More »

Spinoff Odds and Ends: M&A Edition- Gannett, The Best Digital First Can Get?

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Let’s kick off the week with some deal talk. Last week we touched on Apollo’s (APO) potential buyout of Arconic (ARNC) and if completed, it would just be another example of spinoff/parent company being taken out. Once the separation announcement is made or even the ‘strategic alternatives’ one, the market knows that a sale is possible. In that vein,… Read More »