$9bn M&A Spinoff Takeover +43%, More Are Due! Sara Lee's (HSH) DE Master Blenders, The Spinoff Report®, Deloitte
LONDON and NEW YORK, March 28, 2013 /PRNewswire/ --
Research reveals, "30% of Spinoffs are taken-over within 2 years from announcement", according to top global equity adviser, TSR (The Spinoff Report®), and its recent research study with partner, Deloitte, the global advisory firm.
Increasing +43% since TSR recommended it pre-Spinoff from conglomerate Sara Lee, this week, less than a year from being spun-off; $9bn DE Master Blenders (DE) listed in Amsterdam has received a reported 7.2bn Euro bid from Swiss based and family run investment group, Joh A Benckiser (JAB). A c.20% premium to the DE share price on Monday.
"We deeply research the best value upcoming Spinoffs. Subsequent pure-play businesses that will attract M&A interest or grow significantly. A pipeline of recommendations that investors first, and secondly, private equity and corporate finance teams love to analyze" comments Jim Osman, CEO of TSR.
Based in London and founded by specialist fund manager Jim Osman, TSR's pre-event analysis has a unique history of finding the edge on each upcoming break-up in the US, Europe and worldwide, and going by their five year track record, they do. There are currently 120+ Spinoffs due globally, with around 50% from the US. TSR see more than $100bn of potential future M&A deals.
With a solid portfolio of assets, DE strategically demerged and relisted in Europe from the US for taxation benefits and is only weeks from a recent profit warning. The valuable tea and coffee business which was a corporate Spinoff in July last summer from former c.$10bn parent company, Sara Lee (SLE), which incidentally, post the split and distribution of new shares for the separate listing of DE, changed its name to Hillshire Brands (HSH). This was due to its core branded meats business with the same name that accounted for c20% of the combined firm's revenue.
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SOURCE The Spinoff Report Ltd