Digital BW, The Print

Greg wrote:

>--- In DigitalBlackandWhiteThePrint@yahoogroups.com, "Editor P.O.V. 
>Image Service" <editor@...> wrote:
>  
>
>>You heard it here first!
>>
>>    
>>
>
>
>No actually Xrite sent me an email Friday:
>
>"We have recently been informed by Amazys Holding AG, parent company 
>of GretagMacBeth, that their Board of Directors has received a letter 
>stating an intent to make a competing public tender offer from 
>Eichhof Holding AG. 
>
>Developments such as this are not unusual in a public company 
>acquisition process. I am writing you today to assure you that our 
>agreement to purchase all of the outstanding shares of Amazys is 
>continuing as planned. We as a company are fully committed to the 
>completion of the transaction, and our agreement has the support of 
>the Boards of Directors of both X-Rite and Amazys. 
>
>I also want to assure you that you can rely upon us to continue to 
>provide a high level of support on existing and future purchases, so 
>you can make color management investments with us with confidence. 
>
>I anticipate that there may be questions, and I encourage you to 
>communicate them to your sales representative. As we keep you 
>informed of the acquisition, throughout the process, details can be 
>found at www.xrite.com/announce. We appreciate your continued support 
>and remain committed to your partnership. 
>
>Sincerely, 
>
>
>Michael C. Ferrara 
>CEO, X-Rite "
>
>  
>
"No," what?

What Ferrara says is wholly irrelevant to anything but the fact that 
X-Rite is leaving their own offer on the table. It's like saying to a 
homeowner who just got offered $300,000 for a house you only offered 
$250,000 for: "I'm still willing to pay you $250,000." (Actually, in 
this case, it's more like telling one's wife: "I told them we're still 
willing to pay $250,000. We just gotta hope the other deal never fully 
materializes.") It only becomes relevant if the $300,000 offer doesn't 
pan out.  The ball is now in Eichhoff's court.

Keep in mind that Amazys (Gretag) is a publicly traded company listed on 
the Swiss Exchange.  Look at the major shareholders...
<http://tinyurl.com/zh7qx>
The founding partners, investment groups, AND creditors

IF Eichhoff makes a larger tender, I would guess the X-Rite deal is 
over. "It's all about the Benjamins."  ;-)

Note the news from as far back as 2001 with Gretag's founding partners 
having to extend them additional credit lines..
http://tinyurl.com/juocf

If you're a founding partner who extended them additional credit, do you 
take the bigger buyout from a company with a business model that is 
giving them and expanding market share, or a smaller tender from a 
company that has used a business model similar to your own?
-- 
Keith

 
Keith Krebs

"Just some guy," caretaker of the Multiverse's largest EPSON printer 
User Community (highly recommended by Vogon Poets and MegaDodo 
Publications), at:
http://groups.yahoo.com/group/EPSON_Printers/
and  the Multiverse's largest Canon printer User  Community at:
http://groups.yahoo.com/group/Canon-printers
"For the rest of you out there, the secret is to bang the rocks together 
guys"

 

****************************************************************
CONFIDENTIALITY & COPYRIGHT NOTICE:
This e-mail message, including attachments and contents, is © Copyright, 
Keith Krebs, 2001-2006, All Rights Reserved. It is expressly for the 
sole use of the intended recipient and may contain confidential and 
privileged information. Absent the express written authorization of the 
author, any unauthorized review, use, disclosure, transfer, or 
distribution is explicitly prohibited and taken at your own risk. If you 
are not, or are unsure whether you are, the intended recipient, please 
contact the sender immediately and destroy all copies of the original 
message. Violations will be prosecuted to the FULL extent allowed under 
applicable civil and criminal law. Imagery published or distributed in 
violation of these conditions shall be subject to a $1500/image 
liquidated damages charge, in addition to any applicable Copyright 
violation penalties.

POV IMage Service Banner
****************************************************************
{ The P.O.V. Image Service Website is still at http://www.p-o-v-image.com/ }





[Non-text portions of this message have been removed]