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While Xerox courts HP shareholders, HP adopts poison pill Acquisitions News 

While Xerox courts HP shareholders, HP adopts poison pill

GaryPageau , 1 Comment
HP Inc. announced it would implement a poison pill plan to thwart the attempt by rival Xerox Holdings to acquire the maker of printers. Xerox recently raised its offer earlier this month by $2 to $24 per share, following a series of rejections of other buyout offers. Meanwhile, Reuters reported Xerox execs hosted a dinner in Greenwich Village for HP shareholders... Read More
UK-based PA Media Group acquires Alamy, the global stock imagery business Acquisitions 

UK-based PA Media Group acquires Alamy, the global stock imagery business

GaryPageau , ,
PA Media Group, the UK-based news and information business, has acquired Alamy, a leading stock imagery supplier. Terms weren’t disclosed. Founded 20 years ago, Alamy has creative and editorial stock imagery collections comprising almost 200 million photographs, vectors, and 360-degree panoramic images. The business has close to 100,000 customers in more than 150 countries, working across a range of sectors including... Read More
After purchase by GameFace, MarathonFoto announces Bruce Franke returns Acquisitions News 

After purchase by GameFace, MarathonFoto announces Bruce Franke returns

GaryPageau , , 2 Comments
MarathonFoto, the world’s largest publisher of amateur endurance sports photos, announced Bruce Franke has rejoined the company as a Senior Advisor. Franke has spent more than 30 years in the event photography industry with MarathonFoto and its predecessor companies; he formerly served as the president of MarathonFoto before departing two years ago to pursue other initiatives in the endurance industry,... Read More
Xerox names Nicole Torraco as Senior Vice President, Chief Strategy and M&A officer Acquisitions People on the Move 

Xerox names Nicole Torraco as Senior Vice President, Chief Strategy and M&A officer

GaryPageau
Xerox Holdings Corp. appointed Nicole Torraco as senior vice president and chief strategy and M&A officer. In this newly created role, she reports to John Visentin, vice chairman and CEO of Xerox, and serves as a corporate officer. “Nicole brings a rare combination of financial acumen and entrepreneurship, with an impressive record of identifying strategic opportunities that deliver value,” said... Read More
Updated: Xerox to nominate up to 11 for HP board seats Acquisitions News 

Updated: Xerox to nominate up to 11 for HP board seats

GaryPageau , ,
Xerox Corp. will nominate as many as 11 directors to the HP Inc. board, according to the Wall Street Journal. as the company pushes its unsolicited $33.5B takeover offer. The current HP board consists of 12 members, including chairman Chip Bergh, CEO and managing director Enrique Lores, and former CEO Dion Weisler. In a statement, Xerox nominated the following as board... Read More
Apollo completes Snapfish acquisition, combines with Shutterfly Acquisitions News 

Apollo completes Snapfish acquisition, combines with Shutterfly

GaryPageau , ,
Apollo Global Management Inc. announced the successful completion of their previously announced acquisition of Snapfish, LLC and the combination of Snapfish with Shutterfly Inc., which was acquired by the Apollo Funds Sept. 25, 2019. According to the announcement, Snapfish owners became significant minority owners in the combined Shutterfly and Snapfish business. “As a business dedicated to connecting people, places and... Read More
Circle Graphics acquires Metromedia Technologies Acquisitions News 

Circle Graphics acquires Metromedia Technologies

GaryPageau
Circle Graphics Inc. announced it acquired out-of-home advertising rival Metromedia Technologies (MMT). Terms weren’t disclosed.  With the MMT acquisition, Circle Graphics said it expands its lineage to the very beginning of grand format digital printing, as MMT started in 1987 under the auspices of pioneer John Kluge. MMT’s patented digital print technology changed the way outdoor advertising was executed worldwide.... Read More
FASTSIGNS acquires seven Sign Me Up Signs & Advertising locations Acquisitions News 

FASTSIGNS acquires seven Sign Me Up Signs & Advertising locations

GaryPageau ,
FASTSIGNS International, Inc., franchisor of FASTSIGNS®, announced it acquired sign franchise Sign Me Up Signs & Advertising. Each of Sign Me Up’s six locations throughout Long Island and one in New Jersey will be converted to a FASTSIGNS center by February 2020, growing FASTSIGNS’ presence on Long Island to eight locations. “We’re delighted to end 2019 with this acquisition, adding seven locations to the FASTSIGNS network.... Read More
Apple buys U.K. startup to improve iPhone picture taking: Bloomberg Acquisitions News 

Apple buys U.K. startup to improve iPhone picture taking: Bloomberg

GaryPageau ,
Apple Inc. acquired a U.K.-based startup, named Spectral Edge Ltd., with technology that improves photos taken on smartphones, according to Mark Gurman, writing at Bloomberg. According to U.K. filings made public on Thursday, Apple corporate lawyer Peter Denwood was recently named a director of Cambridge-based Spectral Edge Ltd., while the startup’s other advisers and board members were terminated. According to the... Read More
Popular app maker VSCO acquires video company Rylo Acquisitions News 

Popular app maker VSCO acquires video company Rylo

GaryPageau
Photo-sharing subscription service VSCO announced the acquisition of Rylo, a maker of a compact camera with powerful video stabilization technology. Terms weren’t disclosed, but published reports say Rylo will abandon the hardware business to focus on the video tech. Rylo had raised roughly $38 million in VC funding, reaching a valuation of $120.25 million with a $20 million Series B announced in October... Read More
Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer Acquisitions News Opinion 

Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer

GaryPageau , ,
Activist investor Carl Icahn posted an open letter to HP shareholders today, criticizing the HP Inc. board for rejecting Xerox Corp.‘s merger overtures. Icahn, who respectively owns about 10.85% of Xerox and 4.24% of HP, stated HP is going down the path forged by former foe Eastman Kodak Co., which is often criticized for wasting resources on a series of failed... Read More
Back at ya, HP! Xerox to take merger case to shareholders in hostile bid Acquisitions News 

Back at ya, HP! Xerox to take merger case to shareholders in hostile bid

GaryPageau ,
Xerox Inc. management has responded bruskly to HP‘s rebuff of its offer to combine the two printing giants. Earlier this week, HP rejected Xerox’s advances, citing what it said were Xerox’s declining fortunes and it’s own perceived bright prospects. In response, Xerox vice-chairman and CEO John Visentin says the refusal to engage in the process “defies logic.” Specifically, Visentin rejects... Read More
Xerox fires back to HP after rebuff of takeover offer Acquisitions News Opinion 

Xerox fires back to HP after rebuff of takeover offer

GaryPageau , 1 Comment
In what portends to the beginning of a contentious courtship, Xerox Holdings Corp. management responded harshly to the rejection of its proposal to acquire rival HP Inc. Xerox vice chairman and CEO John Visentin advised HP board members Enrique Lores and Chip Bergh, if a “friendly” merger agreement could not be reached quickly, Xerox would take it’s case directly to... Read More
HP board unanimously rejects Xerox takeover proposal Acquisitions News 

HP board unanimously rejects Xerox takeover proposal

GaryPageau , ,
The board of HP Inc. today announced it has unanimously rejected the unsolicited proposal from Xerox Holdings Corporation to acquire the company. Following is the full text of the letter that was sent on November 17, 2019 to John Visentin, Xerox Vice Chairman and CEO: Dear John, Our Board of Directors has reviewed and considered your unsolicited proposal dated November... Read More