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http://www.footnoted.org/ - Michelle Leder's guide to what's hiding in SEC filings

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More dirty laundry on Xerox/ACS deal…
We’ve been skeptical about the deal between Xerox and ACS ever since it was announced on Sept. 28. As we wrote over on Research Edge last month, after the S-4 was filed, this seemed like an awfully good deal for ACS Chairman Darwin Deason and a few other top executives at ACS “and ...
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On Tyson and T-Day…
On Friday night, I went to a screening of Food Inc. with Director Robert Kenner at the Phillipstown Depot , the former train station in Garrison that has been turned into a small theater. After the screening, Kenner took questions from the audience and I couldn’t help but ask whether he ...
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Coffee as an economic indicator…
This morning, there’s lots of buzz — unassisted by caffeine — over the fight over Diedrich Coffee (DDRX) which Peet’s (PEET) agreed to buy at the beginning of this month for $26 a share, but is now offering $32 a share after rival Green Mountain Coffee (GMCR) offered to ...
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Does Semitool CEO have to say goodbye to planes for deal to happen?
Earlier this week, Applied Materials (AMAT) announced that it was acquiring Semitool (SMTL) in a $364 million all-cash deal. As we’ve footnoted before, Semitool had an interesting side-deal with CEO Ray Thompson that had the company leasing several planes and an aircraft hangar from ...
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Lehman’s bankruptcy slideshow…
Yesterday, there was a hearing in New York over the Lehman bankruptcy where Lehman CEO Bryan Marsal, who we’ve written about several times over the past year (see here and here ). The big headline out of yesterday’s hearing was Marsal’s statement that claims against Lehman ...
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The Saga Continues at Boston Scientific Corp.
When we posted on Nov. 12 about the flurry of margin calls at Boston Scientific Corp. (BSX), there was no way to know that the pace of involuntary stock sales would continue. As a historical recap: Michelle noted in her post last week that company co-founders Peter Nicholas and John Abele ...
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Overstock’s odd filing…
This morning, a certain sub-sector of the financial blogosphere is abuzz over the press release that Overstock.com (OSTK) put out late yesterday announcing that they had fired its outside auditor, who had just been hired earlier this year, and were filing an “unreviewed” 10-Q. ...
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Denbury stretches limits of Powerpoint…
Earlier this month, Denbury Resources announced that it planned to buy Encore Acquisition (EAC) in a $4.5 billion deal (according to the press release) or $3.25 billion deal (according to the WSJ ). We’re not sure which number is more accurate, but we do know that the Powerpoint ...
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The radio executive and the Rabbi…
Yesterday, Sirius XM Radio (SIRI) announced that Gary Parsons, the company’s Chairman and one of the co-founders of XM Radio before the two companies merged last summer, had resigned. One oddity is that the press release was a little vague on when Parsons was leaving (or whether he had ...
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The return of the margin call at Boston Scientific…
It’s been a little over a year since we last saw a margin call at Boston Scientific. But on Monday and again on Tuesday, we spotted two Form 4s filed by one of the company’s co-founders, Peter Nicholas, who is also a director. On Nov. 5, Nicholas sold 250,000 shares of company stock ...
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On Veteran’s Day and late filers…
Today is Veteran’s Day, which means that the SEC (and all federal offices) are closed, even though the markets are open. Given that Monday was a big deadline for (mostly) third quarter Qs, it gives us a chance to play catch up and check in on those companies that couldn’t make it to ...
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Vonage CEO racks up Gulfstream miles…
It’s been awhile since we’ve checked in on Vonage (VG), the once high-flying alternative phone company whose ads are still all over the place. But last time we checked in , they had just hired former Cingular marketing executive Mark Lefar to serve as CEO. Last August, Vonage had ...
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Porsche vs. Crocs…
It’s Q season and footnoted regulars know what that means — lots of crazy things buried deep in the filings. Sonya, Kristen and myself spent much of the weekend in our waders working our way through all sorts of filings. Some of the biggest names — Berkshire Hathaway (BRK.A), ...
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CBS’ last CFO still hanging around…
Back in June, CBS (CBS) announced that its CFO, Fred Reynolds, planned to retire in mid-August. That same day, the company announced that Joseph Ianniello would be taking over as CFO on July 20. Now Ianniello was no novice. He had been with CBS or Viacom (VIA) for the past 12 years and had been ...
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J. Crew Designer Benefits from “Obama Bump”
After the public learned that the Obama girls wore J. Crew-designed coats for their father’s inauguration, the company enjoyed what became known as “the Obama bump.” Sales soared – especially after the company crowed about its connection to the First Family – and online traffic spiked so high ...
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On Black and Decker’s CEO and unicorns…
Though we often read filings several times just to make sure we’re reading (and interpreting them) correctly, we honestly did a double-take when we read the 8-K that Black and Decker (BDK) filed late yesterday. The filing was a follow-up to the $4.5 billion deal that was announced on ...
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SEC Madoff exhibit list now available…
Yesterday, we poked at the SEC for not just dumping 6,100 pages of material on a Friday afternoon, but for failing to provide a road-map to the 536 exhibits . In separate conversations with me, a representative of the SEC and SEC Inspector General David Kotz suggested that it was the other ...
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Diedrich’s odd disclosure…
Late yesterday, Peet’s Coffee & Tea (PEET), my personal favorite when it comes to caffeine delivery devices, announced that it was buying Diedrich’s Coffee (DDRX) for $213 million. Coincidentally, Diedrich’s filed what’s likely to be its last 10-Q yesterday. But ...
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The SEC’s massive Friday night dump…
The SEC’s massive Friday night dump…
footnoted.org — By now, you’ve probably heard or read about the massive document dump that the SEC unleashed on... Friday night: 536 exhibits related to the Bernie Madoff case. Reading all of these — even figuring out which ones are worth reading — ... (more) The SEC’s massive Friday night dump…