KAR (KAR)
All Pro Portfolios with KAR
- Total Pro Portfolios with KAR:
- VA Partners - ValueAct
- Royce & Associates
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All Do-It-Yourself Portfolios with KAR
- Total Do-It-Yourself Portfolios with KAR:
- Clear Spin-off Index
- bram Portfolio 1
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Why I Love This Stock |
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Date:03 10 07 |
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GREAT COMPANY |
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By:Barrons |
Date:02 03 07 |
Royce and Associates, which is the company's biggest shareholder with an ownership of 6,490,075 shares or 7.22% of the company, is not happy with the buyout terms that management accepted from a private equity firm for the company. Royce believes that the offer of $27.85 per share by the buyer along with assumption of $700 million in debt was insufficient, and that management should have held out for $35 per share. Royce is also critical of the auction process and believes there were too many potential conflicts of interest. |
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Why I Hate This Stock |
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