Laurion Mineral Exploration Inc. V.LME

Deals still in the works

[DAM$]

I know we are not supposed to compare our company to others but I can’t help looking for information to help me hold every share and sleep through the night. The previous examples Ahsineeg and I produced were of companies that were a long way down the path when the formed the SC & hired the FA. After 2 years of talks Kinross actually engaged a FA five weeks earlier than GBR so to say it took 6-8 weeks to get a deal was not quite accurate. More often they are formed and hired after a proposal has been received so around 8 weeks is the norm in those cases. In all of the cases the formation of the SC was never announced as Laurion’s was.

SO, I have been searching for examples of companies that announced the formation of a Special Committee and hiring of a Financial Advisor and have only found one in recent history. The other example is a bit dated (2012) but follows the same line. Both news releases are worded very similarly to Laurion’s and resulted in the announcement of a deal 6-8 months later. See bellow


LAURION On August 23, 2023, the Corporation agreed to pay the financial advisory fee to US Capital Global, with the expectation that this will assist the Corporation and its recently formed Special Committee with continuing to explore opportunities and potential transactions that may be strategically beneficial to the Corporation and its stakeholders.


Sculptor  NEW YORK, November 18, 2022 – Sculptor Capital Management, Inc. (NYSE: SCU) (the “Company,” or “Sculptor Capital”) announced today that its Board formed a special committee, comprised solely of independent directors (the “Special Committee”), to explore potential interest from third parties in a transaction with the Company that maximizes value for shareholders.
The Special Committee has retained PJT Partners as its financial advisor and Latham & Watkins LLP as its legal counsel.  The Special Committee also approved the retention of JPMorgan to act as financial advisor to the Company.

NEW YORK - July 24, 2023 — Rithm Capital Corp. (NYSE: RITM; “Rithm”), an asset manager focused on the real estate and financial services industries, and Sculptor Capital Management Inc. (NYSE: SCU; “Sculptor”), a global alternative asset manager with $34 billion in assets under management (“AUM”)⁽¹⁾, today announced entry into a definitive agreement under which Rithm will acquire Sculptor in a transaction valued at approximately $639 million⁽²⁾, which includes $11.15 per Class A share of Sculptor.

NEW YORK— October 12, 2023 — Rithm Capital Corp. (NYSE: RITM) (“Rithm”) and Sculptor Capital Management Inc. (NYSE: SCU) (“Sculptor”) today announced that they have amended the terms of their previously announced definitive merger agreement (the “Amended Agreement”), pursuant to which Rithm will acquire Sculptor. Under the Amended Agreement, which has been unanimously approved by the boards of directors of both companies, Sculptor Class A stockholders will receive $12.00 per share, representing an increase of 7.62% over Rithm’s previously agreed price of $11.15 per Class A share announced on July 24, 2023, and an aggregate transaction value of approximately $676 million.

NEW YORK— October 27, 2023 — Rithm Capital Corp. (NYSE: RITM; “Rithm”) and Sculptor Capital Management Inc. (NYSE: SCU; “Sculptor”) today announced they have amended the terms of their previously announced definitive merger agreement (the “Amended Agreement”), pursuant to which Rithm will acquire Sculptor.  Under the Amended Agreement, which has been unanimously approved by the boards of directors of both companies, Sculptor Class A shareholders will receive $12.70 per share (the “Transaction”), representing an increase of 13.9% over Rithm’s original bid of $11.15 per share announced on July 24, 2023, and an aggregate transaction value of approximately $719.8 million. The Transaction represents a premium of 49.4% over the unaffected November 17, 2022, closing Class A share price of $8.50.
 

Capital Trust  NEW YORK, May 15, 2012 /PRNewswire/ -- Capital Trust, Inc. (NYSE: CT) (the "Company") announced today that its Board of Directors (the "Board") has formed a Special Committee of the Board comprised of independent directors (the "Special Committee") to consider and explore strategic alternatives available to the Company in order to maximize shareholder value.  The Special Committee intends to undertake a thorough exploration of the full range of alternatives, including a possible sale of the Company and has retained Evercore Partners to serve as its financial advisor.

New York, NY – December 19, 2012 – Capital Trust, Inc. (NYSE: CT) (“Capital Trust”) today announced that an affiliate of Blackstone (NYSE: BX) completed the previously announced acquisition of Capital Trust’s investment management business, operated through its subsidiary, CT Investment Management Co., LLC (“CTIMCO”). The closing followed approval today by the shareholders of Capital Trust of the transaction and all related proposals.

As I have always been. Option 1 for a lot of money. $30 for Matlas

[Wmaver]

so you are saying we get our private islands around April!  Glad i bought some more shares today!

[tuscanybound]

With this timeline posted, it brings me to what I mentioned and disucessed to another shareholder while attending the AGM on November 15; he was holding to a Christmas buyout; I was holding for a Easter buyout. All timelines and deals are different; but this shows Easter is still in the cards.  We also talk about how management isn't doing enough, they are; more than we know, but who'