An unfortunate loss. Kind of a cool company to have HQ'ed in St. Louis.gone corporate wrote: ↑Jan 27, 2021STL Biz Journal: Luxco agrees to buyout by publicly held MGP Ingredients in $475M deal
Luxco's a locally-based diversified distillery and has been recognized as one of the region's largest private companies.
Looks like a pretty good deal for all parties involved.With distilleries in Bardstown, Kentucky, and Jalisco, Mexico, Luxco’s brands include Ezra Brooks and Yellowstone bourbon whiskey, Daviess County straight bourbon whiskey, El Mayor tequila and everclear.
- 8,908
Post Holdings launches SPAC to raise up to $400M
“With at least $400 million potentially in dry power, Post's SPAC will have plenty of ammunition to bring another company into the public markets. Several companies, including Chobani, Impossible Foods, Eat Just, Oatly and Perfect Day are among just a few of the businesses the market has predicted could eventually decide to go public.”
Read more here
https://www.fooddive.com/news/post-hold ... 0m/594829/
“With at least $400 million potentially in dry power, Post's SPAC will have plenty of ammunition to bring another company into the public markets. Several companies, including Chobani, Impossible Foods, Eat Just, Oatly and Perfect Day are among just a few of the businesses the market has predicted could eventually decide to go public.”
Read more here
https://www.fooddive.com/news/post-hold ... 0m/594829/
- 2,929
STL Biz Journal: Aegion, one of St. Louis' largest public companies, agrees to $963M deal to sell and go private
Hey, STL Biz Journal: That's a crap headline! AEGN has total market cap of $817MM - and that's after the $963MM buyout was announced. AEGN is one of STL's public companies, yes. But, it's a Small Cap and is absolutely NOT one of STL's largest public companies.
21% premium to its stock price; not bad.
Hey, STL Biz Journal: That's a crap headline! AEGN has total market cap of $817MM - and that's after the $963MM buyout was announced. AEGN is one of STL's public companies, yes. But, it's a Small Cap and is absolutely NOT one of STL's largest public companies.
21% premium to its stock price; not bad.
^ The Business Journal calls every private company in STL “one of St. Louis’ largest private companies” it seems.
The private company I work for in STL is significantly larger than most of what the BJ covers and we can occasionally get a little acquisitive ourselves yet get no coverage. Probably cause we don’t give them any money...
The private company I work for in STL is significantly larger than most of what the BJ covers and we can occasionally get a little acquisitive ourselves yet get no coverage. Probably cause we don’t give them any money...
The Business Journal is garbage. Was an annual subscriber and then I got wise.
^ I’m honestly starting to feel the same way. I have a yearly subscription...got it when I lived in KC which made sense at the time...but now that I’m back in STL it seems I catch most of what they’re reporting on elsewhere first.
Add in the clickbait headlines and honestly I’m not really sure why I keep sticking around...
Add in the clickbait headlines and honestly I’m not really sure why I keep sticking around...
My favorite are the reposts on Twitter for articles that 8 months old and no longer relevant.
Not M&A related, but Purina was a standout performer in Nestle this past year. As a subsidiary they fly under the radar sometimes, but are now one of the leading growth engines for the $300+ billion company. From their press release:
By product category, coffee, Purina PetCare and culinary were the largest contributors to growth. Coffee was supported by strong demand for Nescafé and Starbucks products. Purina PetCare reported sustained momentum, supported by premium brands, successful innovation and strong demand in e-commerce and specialist channels. Felix, Purina Pro Plan, Tails.com and the newly acquired Lily's Kitchen all grew at a strong double-digit rate.
By product category, coffee, Purina PetCare and culinary were the largest contributors to growth. Coffee was supported by strong demand for Nescafé and Starbucks products. Purina PetCare reported sustained momentum, supported by premium brands, successful innovation and strong demand in e-commerce and specialist channels. Felix, Purina Pro Plan, Tails.com and the newly acquired Lily's Kitchen all grew at a strong double-digit rate.
- 6,119
Not sure how this slipped through, but Centene also made two other modest acquisitions in late 2020: Apixio and PANTHERx. The two came up, along with Magellan, in news about their planned layoffs. Apixio is apparently a San Mateo based analytics company specializing in AI to help insurers and providers weave together disconnected patient information into something more useful. They're not terribly big. They seem to have a revenue on the order of twenty million a year or so. PANTHERx appears to be a Pittsburgh pharmaceutical company specializing in biopharma for rare diseases. That one feels a tad odd to me, as they seem to be an actual provider and not merely an administrator or insurer. Or a company supporting administration or insurance. Makes one wonder where else Centene will branch out. Maybe neither of these is earth shattering, but they do seem interesting.
That's one of the best explanations of nothing that I've heard in quite a while.symphonicpoet wrote: ↑Feb 20, 2021specializing in AI to help insurers and providers weave together disconnected patient information into something more useful.
- 805
Would be nice if Purina would build on some of their parking lots. Or Foster some sort of animal sciences related district down there on all those parking lots.wabash wrote:Not M&A related, but Purina was a standout performer in Nestle this past year. As a subsidiary they fly under the radar sometimes, but are now one of the leading growth engines for the $300+ billion company. From their press release:
By product category, coffee, Purina PetCare and culinary were the largest contributors to growth. Coffee was supported by strong demand for Nescafé and Starbucks products. Purina PetCare reported sustained momentum, supported by premium brands, successful innovation and strong demand in e-commerce and specialist channels. Felix, Purina Pro Plan, Tails.com and the newly acquired Lily's Kitchen all grew at a strong double-digit rate.
Sent from my iPhone using Tapatalk
- 2,631
They are close enough to downtown where some kind of animal based tourist attraction would succeed. Like a condensed version of Purina Farms perhaps.
I would also just be thrilled if they could build something with a decent streetwall on 7th
I would also just be thrilled if they could build something with a decent streetwall on 7th
I’d be happy with Purina simply building a parking garage and then selling off the remaining surface lots along 7th, Gratiot, and Chouteau.
They’ll never get big enough to use that much space for themselves.
They’ll never get big enough to use that much space for themselves.
- 805
That would be great too.sc4mayor wrote:I’d be happy with Purina simply building a parking garage and then selling off the remaining surface lots along 7th, Gratiot, and Chouteau.
They’ll never get big enough to use that much space for themselves.
Sent from my iPhone using Tapatalk
Maybe in long term once Cupples/BPV is built out and Chouteau Greenway gets developed. Then those lots become that much more valuable and Purina indeeds looks at an opportunity to condense its campus footprint at same time pick up some loose change selling lots or even partnering on some pet friendly mixed use developmentsc4mayor wrote: ↑Feb 20, 2021I’d be happy with Purina simply building a parking garage and then selling off the remaining surface lots along 7th, Gratiot, and Chouteau.
They’ll never get big enough to use that much space for themselves.
- 6,119
Aw, c'mon. I haven't got much to work with here. I couldn't really find any independent reporting that said what they do, so I was trying to make sense of the corporate babble on their own websites. I write well, but there are limits.
Also . . . have you seen the hash doctors can make while failing to read their notes? It can get pretty epic. I don't care to go into how I know that, as there's quite literally PHI involved, but everything you've heard about doctor handwriting is true. It's positively abysmal. And they don't bloody read their own notes half the time, let alone those compiled by other providers or the patients themselves. So a machine that tells the worst of them what to do could be a literal lifesaver.
- 2,056
Purina just went through a big retirement/buyout this past year. And I heard they are going to start testing a Work-From-Home program as well - the idea being they'll have a floor dedicated to people who need to come in and use a desk or conference room for the day.
They've had a decent amount of people working out of the BOA building - I wonder if there's a plan to bring them back?
They've had a decent amount of people working out of the BOA building - I wonder if there's a plan to bring them back?
- 2,929
American Journal of Transportation: American Trailer Rental Group Announces Expansion to St. Louis
Clayton private equity firm Thompson Street Capital buys burger chain Freddy's
https://www.stltoday.com/business/local ... 7b76f.html
https://www.stltoday.com/business/local ... 7b76f.html
^Seems perfectly poised to benefit from Steak n' Shake's implosion.
- 285
Square picked up most of Tidal, with Jay Z joining their board. Jay z also sold his Sprint shares to Square as part of the deal.
Sent from my SM-G973U using Tapatalk
Sent from my SM-G973U using Tapatalk
- 340
That won't affect the STL workforce, though.brianadler6545 wrote:Square picked up most of Tidal, with Jay Z joining their board. Jay z also sold his Sprint shares to Square as part of the deal.
Sent from my SM-G973U using Tapatalk
Sent from my LM-V600 using Tapatalk
Except now you can say Jay-Z is your boss. Sort of.Miss Shell wrote: ↑Mar 05, 2021That won't affect the STL workforce, though.brianadler6545 wrote:Square picked up most of Tidal, with Jay Z joining their board. Jay z also sold his Sprint shares to Square as part of the deal.
Sent from my SM-G973U using Tapatalk
Sent from my LM-V600 using Tapatalk