These funds don’t all match index returns. Find out how to avoid costly surprises.
Finding Spin In The Financial Services Industry
The financial services industry may stop short of lying outright, but that doesn’t mean that everything they say about their products is the truth.
What is an Acquisition?
Acquisition comes from the word “acquire” which means to get as one’s own or to come into possession of something. Acquisitions happen in business all the time. It is often referred to as a “takeover”. It is the process that a company will go through to purchase another company – the target company.
There are several types of takeovers or acquisitions that can occur. In a friendly acquisition, a bidder would contact the Board of Directors of that company to inform them that they are making a bid on the company. If the board thinks that the offer is in the best interest of the shareholders then the Board will recommend that the offer be accepted. In a private company, the shareholders and the board are usually made up of the same people so private acquisitions are usually friendly.
In a hostile takeover or acquisition, a bidder will bypass the target company’s board who is already rejected their bid. Once this has happened, the acquisition is now considered “hostile”. It can also be considered “hostile” if the bidding company does not inform the target company’s board before the offer is made.
A hostile takeover involves more risk. If the board does not cooperate with the bidder then the only information that is available to the bidding company is what is available to the public. Because of this risk, banks are not as willing to back hostile bids in order to finance a takeover. There are some investors, however, who will want to proceed if they have reliable knowledge of the Board’s mismanagement and want to hold them to public and legal scrutiny.
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CDTV.net Stock Market News and Dividend Report for Mon Jun 28, 2010.
KB Home (NYSE: KBH) reported net loss of $.40 per diluted share compared to a net loss of $1.03 per diluted share, in the year-earlier quarter. analysts average -$0.30. KBH misses by $0.10
The Company’s net loss narrowed 61% to $30.7 million in the second quarter of 2010, compared to a net loss of $78.4 million, in the year-earlier quarter.
KB Home constructs and sells residential homes in the United States.
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Del Monte Foods Company (NYSE: DLM) Board of Directors approved an 80% increase in the quarterly dividend from $0.05 to $0.09 per common share. The dividend is payable on August 5, 2010 to stockholders of record as of the close of business on July 22, 2010. This increase in the dividend follows Del Monte’s 25% increase in the quarterly dividend announced in June 2009.
Del Monte Foods Company engages in the production, distribution, and marketing of branded food and pet products for the retail market in the United States.
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The Washington Post Company (NYSE: WPO) declared a regular quarterly dividend of $2.25 per share, payable on August 6, 2010, to shareholders of record on July 26, 2010.
The Washington Post Company, together with its subsidiaries, operates as a diversified education and media company in the United States and internationally.
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The board of directors of Abbott (NYSE: ABT) declared a quarterly common dividend of 44 cents per share. This marks the 346th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Aug. 15, 2010, to shareholders of record at the close of business on July 15, 2010. Abbott has increased its dividend payout for 38 consecutive years.
Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide.
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