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 others) are either formally considering "strategic alternatives," reported to be on the block or are rumored to be in sales talks. For prior lists, see below, and send any additions my way. IPC Hodings, a reinsurer based in California, is now a target after shareholders rejected an offer from Max Capital Group. The rejection comes after Max Capital topped a bid from reinsurer Validus Holdings, which was started by Aqualine Capital. ReadyMix Inc. will pursue strategic alternatives for the company following indications of interest from suitors. The company retained Lincoln International to advise it.
