Mergers & Acquisitions

Halyard Capital Announces Sale of EducationDynamics to Investor Group led by Muirlands Capital, KnowledgeShares and Prudential Capital Group

Halyard Capital Announces Sale of EducationDynamics to Investor Group led by Muirlands Capital, KnowledgeShares and Prudential Capital Group PR Newswire NEW YORK, Dec. 8, 2015 NEW YORK , Dec. 8, 2015 /PRNewswire/ — Halyard Capital (“Halyard”), a New York based private equity firm, announced today that its portfolio company, EducationDynamics (the “Company” or “EDDY”), was sold to an investor group led by Muirlands Capital, KnowledgeShares and Prudential Capital Group. […]

Mergers & Acquisitions

Tech executives find digital disruption spurs M&A

Tech executives find digital disruption spurs M&A – 45% of technology executives plan to pursue acquisitions in the coming year, following seven consecutive quarters of record volume in tech M&A – 37% of technology executives say digital disruption is driving their acquisition strategy PR Newswire NEW YORK, Dec. 8, 2015 NEW YORK , Dec. 8, 2015 /PRNewswire/ — Digital disruption (technology innovation via mobile, social, cloud and big data analytics) is enabling and transforming all areas of business enterprise across all industries. […]

Mergers & Acquisitions

Norfolk Southern Releases White Paper From Former Surface Transportation Board Commissioners

Norfolk Southern Releases White Paper From Former Surface Transportation Board Commissioners Former Commissioners Francis Mulvey and Charles Nottingham Agree with the Norfolk Southern Board of Directors that the STB Would Be Highly Unlikely to Approve a Voting Trust or the Transaction Proposed by Canadian Pacific PR Newswire NORFOLK, Va., Dec. 7, 2015 NORFOLK, Va. […]

Stock Analysts

Norfolk Southern Rejects Canadian Pacific Acquisition Offer

Norfolk, VA-based railroad operator Norfolk Southern Corporation NSC has rejected Canadian Pacific Railway’s CP unsolicited proposal to acquire the company in a cash and stock deal, after a thorough evaluation of the offer that was made last month. As a rationale for the rejection, the board of directors of Norfolk Southern termed the offer price of $46.72 a share in cash and 0.348 of a Canadian Pacific share for every Norfolk Southern share as “grossly inadequate” as it significantly undervalues the company. Moreover, the board also cited significant regulatory risks as another reason for turning down the over $28 billion offer […]