ReGen III Corp V.GIII

Private equity interested in Calumet Lubricants

[RedDevil14]

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT), a master limited partnership  based in Indianapolis, Indiana, U.S.A., is reportedly seeking to sell its lubricants business for USD500 million. The company processes crude oil and other feedstocks into lubricating oils, solvents and waxes used in consumer, industrial and automotive products. It also produces fuel products including gasoline, diesel fuel and jet fuel. Calumet operates 10 manufacturing facilities located in northwest Louisiana, northern Montana, western Pennsylvania, Texas, New Jersey and eastern Missouri.

Calumet has received interest from private equity firms, Bloomberg reported. Calumet did not confirm the report.

[PosNeg1]

Yes appears a lot of M&A in lubricant markets. All those references are for companies actually producing something. GEN stumbles along with tiny raises to keep the lights on.

[RedDevil14]

As a shareholder one can only be happy , that management is only raising limited amounts of money , at these rock bottom share prices. Not sure if you are a shareholder though. We will see by end of year if financing groups including private equity are only investing in producing assets and projects.

[PosNeg1]

Happy? Lets face it, thats all they could raise, tiny amounts to keep the lights on cause this management can't get a deal done for over 2 years. So yes its not dead-yet

[RedDevil14]

For a nearly dead company as you put it  , it looks to me they have a rather atypical way of coming to an end the past 2 years. Obtaining PCMO formulations and certifications at the API, a new corporate video , extensive testing at the labs of 2 super majors, even adding new high calibers to the board , and all that with the pocket money raised for keeping the lights on. In my opinion a

[PosNeg1]

Frustrated. Guilty. New corp video, hurray. New BOD members, yes excellent. Hopefully they bring some measure of competence to mgt. Testing certifications etc ,great. These guys have had EDC backing for a couple of years which would cover lions share of capex raise reqd. Balance reqd is now a 2-4 X market cap ballpark nbr. Painted themselves into a corner. IP= true value tick tock .