If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
On Wed, 19 Oct 2011 11:20:34 -0700 (PDT), RichA
wrote: On Oct 19, 11:09*am, Bruce wrote: Press release posted without comment: Leica Camera gains strategic investor in Blackstone ACM Projektentwicklung GmbH will remain the majority shareholder London, Solms: The Blackstone Group (NYSE: BX) and ACM Projektentwicklung GmbH today announced they have agreed a strategic partnership whereby investment funds advised by Blackstone will acquire, indirectly through a holding company, a 44% minority stake in Leica Camera AG (“Leica”), to support Leica’s international growth plans. ACM and Blackstone have agreed that the value of the transaction will not be disclosed. The transaction is subject to regulatory approval and is expected to close in Q4/2011. God, these F------- income trusts are a pox on America and Europe. Most of them buy companies, strip them to the bone for profit, sell them and pocket the difference and the company usually ends up in worse shape. Initially, you get a huge cash infusion but that's just at the beginning before the culling starts. Blackstone are a lot more than what you call 'an income trust'. See http://www.blackstone.com/cps/rde/xc...om/hs/Home.htm They are tough though. Regards, Eric Stevens |
#2
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
On Thu, 20 Oct 2011 06:29:33 -0700 (PDT), RichA
wrote: On Oct 19, 3:11*pm, Eric Stevens wrote: On Wed, 19 Oct 2011 11:20:34 -0700 (PDT), RichA wrote: On Oct 19, 11:09*am, Bruce wrote: Press release posted without comment: Leica Camera gains strategic investor in Blackstone ACM Projektentwicklung GmbH will remain the majority shareholder London, Solms: The Blackstone Group (NYSE: BX) and ACM Projektentwicklung GmbH today announced they have agreed a strategic partnership whereby investment funds advised by Blackstone will acquire, indirectly through a holding company, a 44% minority stake in Leica Camera AG (“Leica”), to support Leica’s international growth plans. ACM and Blackstone have agreed that the value of the transaction will not be disclosed. The transaction is subject to regulatory approval and is expected to close in Q4/2011. God, these F------- income trusts are a pox on America and Europe. Most of them buy companies, strip them to the bone for profit, sell them and pocket the difference and the company usually ends up in worse shape. *Initially, you get a huge cash infusion but that's just at the beginning before the culling starts. Blackstone are a lot more than what you call 'an income trust'. Seehttp://www.blackstone.com/cps/rde/xchg/bxcom/hs/Home.htm They are tough though. Regards, Eric Stevens "Private equity firm" They are like the witch in Hansel and Gretel, fattening up the children. They infuse the companies with cash, "buy" business at whatever rate is needed in order to make them attractive as sales items. I've seen it many times. In some cases, taking losses in order to make the companies appear healthier than they really are. I read about a case that happened in Canada with a telephone directory firm called "SuperPages." They were owned by Telus, who sold them to Verizon for $700M, who sold them three years later to a private equity firm in Boston for $1.8B, who bought them a new $20M Toronto office complex and poured money in (to make them look much more robust than they were), then flipped them to Yellowpages 7 months later for $2.5B. Needless to say, Yellowpages never got their money back by what amounted to eliminating a much smaller competitor. But, the roundabout way in which this was done allowed them to avoid anti- competition legislation and concentrate 90% of the phone directory market in Canada under one roof. "I read about a case in Canada .... " Why don't you devote some of your time to reading about Capstone and discovering what they actually do? Regards, Eric Stevens |
#3
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
On 10/20/2011 9:29 AM, RichA wrote:
On Oct 19, 3:11 pm, Eric wrote: On Wed, 19 Oct 2011 11:20:34 -0700 (PDT), wrote: On Oct 19, 11:09 am, wrote: Press release posted without comment: Leica Camera gains strategic investor in Blackstone ACM Projektentwicklung GmbH will remain the majority shareholder London, Solms: The Blackstone Group (NYSE: BX) and ACM Projektentwicklung GmbH today announced they have agreed a strategic partnership whereby investment funds advised by Blackstone will acquire, indirectly through a holding company, a 44% minority stake in Leica Camera AG (“Leica”), to support Leica’s international growth plans. ACM and Blackstone have agreed that the value of the transaction will not be disclosed. The transaction is subject to regulatory approval and is expected to close in Q4/2011. God, these F------- income trusts are a pox on America and Europe. Most of them buy companies, strip them to the bone for profit, sell them and pocket the difference and the company usually ends up in worse shape. Initially, you get a huge cash infusion but that's just at the beginning before the culling starts. Blackstone are a lot more than what you call 'an income trust'. Seehttp://www.blackstone.com/cps/rde/xchg/bxcom/hs/Home.htm They are tough though. Regards, Eric Stevens "Private equity firm" They are like the witch in Hansel and Gretel, fattening up the children. They infuse the companies with cash, "buy" business at whatever rate is needed in order to make them attractive as sales items. I've seen it many times. In some cases, taking losses in order to make the companies appear healthier than they really are. I read about a case that happened in Canada with a telephone directory firm called "SuperPages." They were owned by Telus, who sold them to Verizon for $700M, who sold them three years later to a private equity firm in Boston for $1.8B, who bought them a new $20M Toronto office complex and poured money in (to make them look much more robust than they were), then flipped them to Yellowpages 7 months later for $2.5B. Needless to say, Yellowpages never got their money back by what amounted to eliminating a much smaller competitor. But, the roundabout way in which this was done allowed them to avoid anti- competition legislation and concentrate 90% of the phone directory market in Canada under one roof. Yellow page advertising has become obsolete. But, don't let the facts bother you. -- Peter |
#4
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
PeterN wrote in
: On 10/20/2011 9:29 AM, RichA wrote: On Oct 19, 3:11 pm, Eric wrote: On Wed, 19 Oct 2011 11:20:34 -0700 (PDT), wrote: On Oct 19, 11:09 am, wrote: Press release posted without comment: Leica Camera gains strategic investor in Blackstone ACM Projektentwicklung GmbH will remain the majority shareholder London, Solms: The Blackstone Group (NYSE: BX) and ACM Projektentwicklung GmbH today announced they have agreed a strategic partnership whereby investment funds advised by Blackstone will acquire, indirectly through a holding company, a 44% minority stake in Leica Camera AG (“Leica”), to support Leica’s international growth plans. ACM and Blackstone have agreed that the value of the transaction will not be disclosed. The transaction is subject to regulatory approval and is expected to close in Q4/2011. God, these F------- income trusts are a pox on America and Europe. Most of them buy companies, strip them to the bone for profit, sell them and pocket the difference and the company usually ends up in worse shape. Initially, you get a huge cash infusion but that's just at the beginning before the culling starts. Blackstone are a lot more than what you call 'an income trust'. Seehttp://www.blackstone.com/cps/rde/xchg/bxcom/hs/Home.htm They are tough though. Regards, Eric Stevens "Private equity firm" They are like the witch in Hansel and Gretel, fattening up the children. They infuse the companies with cash, "buy" business at whatever rate is needed in order to make them attractive as sales items. I've seen it many times. In some cases, taking losses in order to make the companies appear healthier than they really are. I read about a case that happened in Canada with a telephone directory firm called "SuperPages." They were owned by Telus, who sold them to Verizon for $700M, who sold them three years later to a private equity firm in Boston for $1.8B, who bought them a new $20M Toronto office complex and poured money in (to make them look much more robust than they were), then flipped them to Yellowpages 7 months later for $2.5B. Needless to say, Yellowpages never got their money back by what amounted to eliminating a much smaller competitor. But, the roundabout way in which this was done allowed them to avoid anti- competition legislation and concentrate 90% of the phone directory market in Canada under one roof. Yellow page advertising has become obsolete. But, don't let the facts bother you. That happened long after the fact. |
#5
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
In article , tony cooper
wrote: Yellow page advertising has become obsolete. But, don't let the facts bother you. Obsolete? You have an odd concept of what "obsolete" means. We depend on the Yellow Pages less now than we did a decade ago, but it's far from an obsolete method of locating information about businesses that provide a service we're looking for. it's obsolete. most people look up phone numbers on line, usually from a google search, or they might use yellowpages.com or similar. smartphone users have yellow & white pages apps, or they can just ask the phone to find a number. i just did a google search for the word 'pizza' and it gave me a list of nearby pizza places. that's *way* more useful and efficient than looking in a phone book. prefer a different city? easy enough to specify which city if the one you're in isn't where you want to look. can't do that with a phone book unless you have phone books from every city. not only that, but there are links to the various pizza place websites with menus, prices, hours of operation, etc. and there are links with reviews so you know if it's even worth going to. need directions on how to get there? that's easy too with google maps. so yes, it's obsolete. |
#6
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
On 10/22/11 PDT 10:38 PM, nospam wrote:
In , tony cooper wrote: Obsolete? You have an odd concept of what "obsolete" means. We depend on the Yellow Pages less now than we did a decade ago, but it's far from an obsolete method of locating information about businesses that provide a service we're looking for. it's obsolete. most people look up phone numbers on line, usually from a google search, or they might use yellowpages.com or similar. smartphone users have yellow& white pages apps, or they can just ask the phone to find a number. Most people, eh? Most people on this froup, yeah, maybe even most people - more than 50%- online. But not most people. Obsolete? To you, yes, but not as a generality. To many, proper grammar Including the use of capitalization is not obsolete. |
#7
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
On Sun, 23 Oct 2011 08:46:20 -0700, John McWilliams wrote:
: On 10/22/11 PDT 10:38 PM, nospam wrote: : In , tony cooper : wrote: : : Obsolete? You have an odd concept of what "obsolete" means. We : depend on the Yellow Pages less now than we did a decade ago, but it's : far from an obsolete method of locating information about businesses : that provide a service we're looking for. : : it's obsolete. : : most people look up phone numbers on line, usually from a google : search, or they might use yellowpages.com or similar. smartphone users : have yellow& white pages apps, or they can just ask the phone to find : a number. : : Most people, eh? Most people on this froup, yeah, maybe even most people : - more than 50%- online. But not most people. : : Obsolete? To you, yes, but not as a generality. : : To many, proper grammar Including the use of capitalization is not : obsolete. But not, I assume, to people on this froup. Because in your statement, "Including" should not be capitalized. (You also need commas after "grammar" and "capitalization".) Bob |
#8
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
Bruce wrote:
John McWilliams wrote: On 10/22/11 PDT 10:38 PM, nospam wrote: In , tony cooper wrote: Obsolete? You have an odd concept of what "obsolete" means. We depend on the Yellow Pages less now than we did a decade ago, but it's far from an obsolete method of locating information about businesses that provide a service we're looking for. it's obsolete. most people look up phone numbers on line, usually from a google search, or they might use yellowpages.com or similar. smartphone users have yellow& white pages apps, or they can just ask the phone to find a number. Most people, eh? Most people on this froup, yeah, maybe even most people - more than 50%- online. But not most people. Obsolete? To you, yes, but not as a generality. For me, Yellow Pages will be obsolete only when the company stops delivering a free annual copy to my door. They delivered my latest copy about a month ago. Quite so. I never use them, because using the Web via computer or smartphone is so much easier and better. But my wife won't touch anything with a screen or a keyboard, and uses Yellow Pages a lot. Seems the word "obsolescent" might have become obsolete amongst the computerate :-) -- Chris Malcolm |
#9
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
In article , Bruce
wrote: For me, Yellow Pages will be obsolete only when the company stops delivering a free annual copy to my door. They delivered my latest copy about a month ago. there is an opt-out number to call to cancel deliveries. |
#10
|
|||
|
|||
Leica Camera owner sells 44% stake to Blackstone investment funds
On 10/22/2011 11:41 PM, tony cooper wrote:
On Sat, 22 Oct 2011 20:50:03 -0400, PeterN wrote: On 10/20/2011 9:29 AM, RichA wrote: On Oct 19, 3:11 pm, Eric wrote: On Wed, 19 Oct 2011 11:20:34 -0700 (PDT), wrote: On Oct 19, 11:09 am, wrote: Press release posted without comment: Leica Camera gains strategic investor in Blackstone ACM Projektentwicklung GmbH will remain the majority shareholder London, Solms: The Blackstone Group (NYSE: BX) and ACM Projektentwicklung GmbH today announced they have agreed a strategic partnership whereby investment funds advised by Blackstone will acquire, indirectly through a holding company, a 44% minority stake in Leica Camera AG (“Leica”), to support Leica’s international growth plans. ACM and Blackstone have agreed that the value of the transaction will not be disclosed. The transaction is subject to regulatory approval and is expected to close in Q4/2011. God, these F------- income trusts are a pox on America and Europe. Most of them buy companies, strip them to the bone for profit, sell them and pocket the difference and the company usually ends up in worse shape. Initially, you get a huge cash infusion but that's just at the beginning before the culling starts. Blackstone are a lot more than what you call 'an income trust'. Seehttp://www.blackstone.com/cps/rde/xchg/bxcom/hs/Home.htm They are tough though. Regards, Eric Stevens "Private equity firm" They are like the witch in Hansel and Gretel, fattening up the children. They infuse the companies with cash, "buy" business at whatever rate is needed in order to make them attractive as sales items. I've seen it many times. In some cases, taking losses in order to make the companies appear healthier than they really are. I read about a case that happened in Canada with a telephone directory firm called "SuperPages." They were owned by Telus, who sold them to Verizon for $700M, who sold them three years later to a private equity firm in Boston for $1.8B, who bought them a new $20M Toronto office complex and poured money in (to make them look much more robust than they were), then flipped them to Yellowpages 7 months later for $2.5B. Needless to say, Yellowpages never got their money back by what amounted to eliminating a much smaller competitor. But, the roundabout way in which this was done allowed them to avoid anti- competition legislation and concentrate 90% of the phone directory market in Canada under one roof. Yellow page advertising has become obsolete. But, don't let the facts bother you. Obsolete? You have an odd concept of what "obsolete" means. We depend on the Yellow Pages less now than we did a decade ago, but it's far from an obsolete method of locating information about businesses that provide a service we're looking for. I don't know what you use it for, but most I know use the Internet for that type of research. -- Peter |
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Stake your claim now in rec.photo.digital.slr | David Nebenzahl | 35mm Photo Equipment | 3 | August 26th 08 04:36 PM |
anybody in europe sells an f5? | Gianni Rondinini | 35mm Equipment for Sale | 0 | September 7th 05 05:05 PM |
FS: Minolta Dimage 7hi + accessories $500 CAN Funds | shl_edge | General Equipment For Sale | 0 | August 26th 05 02:16 AM |
Who sells Kodak 100? | Jay Bala | 35mm Photo Equipment | 8 | December 27th 04 09:25 PM |