-
Recent Posts
- Trump-Flation Persists in Rising Trucking Costs
- Annals of Marketing – 2028 Honda CRVs are Hybrids Only
- GM Announces Two Michigan Solar Generation Facilities
- Bosch – Modular Heating, Cooling for All Engine Types
- Trump Thumped: Sales Slow. Record High New Vehicle Prices
- Loss of Brake Recalls – Cadillac LYRIQs, Chevrolet Blazer EVs
- Annals of Marketing – 2027 Chevrolet Silverado Pickup
- New $3 Billion Honda Plant in Ohio Announced
- U.S. Transportation Unemployment Tops U.S. Unemployment
- Toyota Motor Q2 FY 2027 Results – First Growth in Three Years!
- UAW Voters Persuasive in Trump Mid-Term Rout!
- Annals of Marketing – Dodge Returns to NASCAR
- Acura Begins U.S. Sales of NSX Reproduction Parts
- Lexus Recall for Instrument Panel Display Failures
- Audi to Build First American Plant in Georgia
Recent Comments
- Governor Whitmer Calls on U.S. Treasury to Reimburse Taxpayers for Tariff Costs on Michigan Governor Whitmer Against Trump Tariffs in WSJ
- Governor Gretchen Whitmer on Trump Mis-Administration – Record High Gas Prices Persist
- NHTSA on Steering Loss – Ford Recalls F-Series Trucks
- AAA on AAA – August 20 Gasoline Prices Highest Ever!
- Nissan Motor on Nissan Posts ¥77.9B Profit in Q1 of Japanese Fiscal Year
Archives
Meta
Tag Archives: takeover
TBC Corporation Acquires Midas in Successful Tender Offer
TBC Corporation today announced that it has completed the acquisition of Midas, Inc. through one of its wholly owned subsidiaries, Gearshift Merger Corporation, with Midas being the surviving corporation. The short form merger was the final step of the acquisition process and follows TBC’s payment for all of the shares validly tendered. Continue reading
Posted in auto news, financial results, results
Tagged auto informed, autoinformed.com, automotive news, insider trading, Ken Zino, midas, sec, takeover, tbc
Leave a comment
TBC Begins Tender Offer for Shares of Midas at $11.50
The offer appears positive for Midas shareholders since share prices have ranged from a recent 52-week high of, well, $11.50 – raising the distinct possibility of insider trading – to a 52-week low of $5.08. Currently Midas is trading at $11.47. Midas made $0.28 per share during 2011 or $4 million on revenue of $184 million. For this dismal performance, its top executives were compensated $1.7 million, which left no money to pay a dividend to shareholders. Directors and officers of Midas own more than 10% of the stock, which could result in a challenge to the takeover. Continue reading
Posted in aftermarket, auto news, news analysis, prices, results
Tagged auto informed, autoinformed.com, automotive news, insider trading, Ken Zino, midas, sec, takeover, tbc
Leave a comment
