Midweek M&A Madness
As the weather (slowly) warms up, plenty of M&A bankers are hoping the market for deals will as well. We've noticed a few more targets coming to market in recent weeks and have compiled a list of some of those we've come across. Our sources are various news reports and the Buyouts "Seeking Buyers" list. The following companies (among many, many others) are either formally considering "strategic alternatives," reported to be on the block, or rumored to be in sale talks. I can't be comprehensive, but I can try. Here is last week's list; send any additions my way. Madison Square Garden: The arena's parent company, Cablevision, may spin off the unit as a result of shareholder pressure. Read more... Exxon: The company may sell 800 Australian fuel outlets as part of a strategy shift away from fuel retailing, according to reports. Patriot Capital: The BDC is exploring strategic alternatives because one of its credit facilities was terminated after its collateral declined in value.
