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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (2711)	1/25/2011 10:10:42 AM
From: richardred	Read Replies (7) \| Respond to of 7242

Packaging stocks in vogue after Smurfit-Stone deal By Ernest Scheyder NEW YORK \| Mon Jan 24, 2011 4:49pm EST NEW YORK (Reuters) - Paper and packaging stocks registered big rises on Monday after RockTenn Co's (RKT.N) $3.5 billion bid for Smurfit-Stone Container Corp (SSCC.N) highlighted the undervalued sector. Demand for containerboard used to ship goods and wrap food dropped sharply during the recession, causing investors to flee the sector. For example, the shares of sector leader International Paper Co (IP.N), which closed Monday at $28.82, dropped to lows near $4 per share in early 2009. Yet as the economy recovered, Wall Street tip-toed back. That move got pushed into overdrive on Sunday when RockTenn agreed to buy its bigger rival, Smurfit-Stone, for $35 per share in cash and stock. "This is a great business that has been transformed over a fairly long period of time," RockTenn Chief Executive Jim Rubright told Reuters. Smurfit-Stone's strong earnings during the past six months "convinced us of the value of those assets," he said. (For a Reuters Insider interview on the deal, click on: link.reuters.com/mem67r) Smurfit-Stone shares jumped $7.48, or 27.2 percent, to close Monday at $35, while RockTenn shares rose $2.13, or 3.7 percent, to $59.31. International Paper shares rose 3.2 percent, MeadWestvaco Corp (MWV.N) rose 3.9 percent, Packaging Corp of America (PKG.N) shares were up 1.8 percent, Temple-Inland Inc (TIN.N) rose 5.3 percent and KapStone Paper and Packaging Corp (KS.N) was up 4.6 percent. GROWTH DETAILS The deal will create the second-largest packager in North America after International Paper and will allow RockTenn to grow in the lucrative food packaging area. "The business really is going to perform closely with (U.S. gross domestic product), which means in our view that it's going to grow," RockTenn Chief Executive James Rubright said on a conference call. The deal price of $35 per Smurfit-Stone share represented a 27 percent premium to the stock's closing price of $27.52 on Friday. After the deal closes, about 56 percent of the combined companies will be controlled by legacy RockTenn shareholders, with the rest controlled by Smurfit-Stone legacy shareholders. RockTenn's corporate headquarters will remain in Norcross, Georgia. The company has financing for the deal from Wells Fargo & Co (WFC.N), Rabobank NV RABN.UL and Sun Trust. (Reporting by Ernest Scheyder; editing by John Wallace, Dave Zimmerman and Andre Grenon) reuters.com

To: richardred who wrote (2711)	6/26/2012 12:52:13 PM
From: richardred	Respond to of 7242

LNDC- nice replacement for the lost Monsanto business. The licensed revenue is what should help, aside from the saving of R&D money the original venture took up. RE: weekend Barron's 13d- Activism Going on! Now I know who been buying some blocks. Landec (LNDC) Value-focused hedge fund Wynnefield Capital Management said that it is seeking to fill a vacant spot on the board of Landec, which makes polymer products. Wynnefield said that it had met with Landec management on June 4 and recommended a nominee to fill the vacancy created as a result of the resignation of Richard S. Schneider as a director last Oct. 13. Wynnefield said it believes that its nominee, whose name it didn't disclose, "would bring a wealth of valuable experience to the board and that her appointment as a director would demonstrate the board's commitment to both diversity and increasing shareholder value." Wynnefield said that Landec had assured the fund that its nominee would be considered by the board's nominating and corporate-governance committee. Wynnefield disclosed that it holds 2,568,271 shares (10.1%). Wynnefield didn't disclose buying or selling any shares in the past 60 days. Landec sells seed subsidiary to Incotec Silicon Valley / San Jose Business Journal Date: Tuesday, June 26, 2012, 6:28am Landec has sold its seed coating business to Incotec Holding North America. Landec said Tuesday it has entered into three agreements with Incotec Coating and Seed Technology Companies. Menlo Park-based Landec (NASDAQ:LNDC) specializes in patented products for food, agricultural and biomedical applications. The Netherlands-based Incotec provides seed and coating technology products and services to the seed industry. First, Landec said it sold its seed subsidiary, Landec Ag LLC, to Incotec Holding North America Inc. for $600,000, which will result in a gain of approximately $400,000. Second, Landec now has a seven-year exclusive technology license and polymer supply agreement with Incotec Field Crops North America LLC. The agreement allows the use of Landec’s branded Intellicoat polymer seed coating technology for male inbred corn, sold under the Pollinator Plus label. And third, Landec entered into a five-year exclusive technology license and polymer supply agreement with Incotec Holdings B.V. The agreement is for the joint development of new polymer and unique coatings for use in seed treatment formulations. bizjournals.com