Two Tales, Both Stinky* ConAgra Offers to Acquire Ralcorp for About $4.9 Billion –headline, Bloomberg.com (5/4/2011) It’s hardly unusual for the target of a corporate acquisition to jump in price: such deals often occur at premiums, and can occasionally trigger bidding wars, further goosing the target’s stock price. So, what’s the big deal about Ralcorp...Read More
“Hmm, I Wonder Where That Lockbox Key Went??” An interesting little contest is shaping up over a certain Twin Cities foreclosure that came on the market yesterday for 50% of its tax assessed value. I am withholding the address because I have a client interested in buying it, but here’s the background: A saved search...Read More
Back on the Market Twice (in 10 days); Third Time’s the Charm? The image I have in my head for this St. Louis Park foreclosure is a traffic light, alternately blinking green, then red, then green, etc. That’s because in less than 2 weeks on the market, it’s already gone “Pending” twice, and each time...Read More
Sellers Fret Over Scaring Off Buyers Interesting tidbit from today’s Wall Street Journal (my paraphrase): Whereas a few years ago the two rival Buyers might have been drawn into competitive bidding, this time the Seller “concluded that the risk of the first Buyer terminating its discussions with the Seller outweighed the benefits” of soliciting an...Read More
