Midweek M&A Madness
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below, and send any additions my way. IMG Media, a media conglomerate owned by Ted Forstmann, hired Raine Group to sell Tiger Aspect Productions and Darlow Smithson Productions, either separately, or as a package. Forsys Metals Corp. has hired Morgan Stanley & Co. as exclusive financial advisor to assist it in exploring strategic alternatives. (Read more) Bing Group, a steel supply company based in Detriot, is seeking buyers. The company has suffered from slow auto sales and financial struggles from its customers, the auto companies. Rubio's Restaurants Inc is in play after receiving an unsolicited offer from an investor group to buy the company for about $80 million. Levine Leichtman Capital Partners IV LP offered $8 per share.
