Where is takeover target

From England he travelled to Japan where he defeated a high class international field in the Group 1 Sprinters' Stakes.

As a result of his performances in England Takeover Target was classified as the best sprinting horse in the world on turf. Takeover Target's final appearance came in during his fourth visit to England when he broke down in the July Cup at Newmarket and had to be retired. His 41 starts had produced 21 wins and 10 placings, with his nine Group 1 wins spread over four countries. About Us.

Who We Are. Contact Us. The Sport. Race Fixtures. It is possible to determine whether a company is a potential takeover candidate before a public announcement has been made; you simply have to know the signs to look for in the candidate. The well-financed suitors also look for these same indicators in their target companies. Once you know what the big companies are looking for, you'll be able to determine which companies are prime candidates for takeovers. A large company has the luxury of being able to develop or acquire an arsenal of varying services and products.

However, if it can buy a company at a reasonable price that has a unique niche in a particular industry either in terms of a product or service , it will probably do so. Smart suitors will wait until the smaller company has done the risky footwork and advertising before buying in.

But once a niche is carved out, the larger firm will probably come knocking. In terms of both money and time, it is often cheaper for larger companies to acquire a given product or a service than to build it out from scratch.

This allows them to avoid much of the risk associated with a startup procedure. Smaller companies often don't have the ability to market their items nationally, much less internationally. Larger firms with deep pockets have this ability. Therefore, look for not only a company with a viable product line but one that, with the proper financing, could have the potential for large-scale growth. Large firms want an acquisition to go forward on a timely basis, but some companies have a large amount of overhang that dissuades potential suitors.

Be wary of companies with a lot of convertible bonds or varying classes of common or preferred stock , especially those with super-voting rights. The reason that overhang dissuades companies from making an acquisition is that the acquiring firm has to go through a painstaking due diligence process.

Overhang presents the risk of significant dilution and presents the possibility that some pesky shareholders with to-1 voting rights might try to hold up the deal. If you think a company may be a prospective takeover target, make sure it has a clean capital structure. In other words, look for companies that have just one class of common stock and a minimal amount of debt that can be converted into common shares.

In the latter half of the s, when interest rates began to decline, a number of casino companies found themselves saddled with high fixed-interest first mortgage notes. So, along came larger players in the industry. These larger players had better credit ratings and deeper pockets, as well as access to capital, and were able to buy up many of the smaller, struggling casino operators.

Naturally, a large amount of consolidation occurred. The result was millions in cost savings. When considering the possibility of a takeover, look for companies that could be much more profitable if their debt loads were refinanced at a more favorable rate. When one company acquires another, management usually tries to save money by eliminating redundant overhead.

In other words, why maintain two warehouses if one can do the job and is accessible by both companies? Therefore, in considering takeover targets, look for companies that are geographically convenient to each other and, that if combined, would present shareholders with a huge potential for cost savings. Takeover candidates usually have a clean operating history. They have consistent revenue streams and steady businesses.

Remember, suitors and financing companies want a smooth transition. They will be wary if a company has, for instance, previously filed for bankruptcy , has a history of reporting erratic earnings results, or has recently lost major customers. Has the target company been proactive in telling its story to the investment community? Has it repurchased its shares in the open market? Suitors want to buy companies that will thrive as part of a larger company, but also those that, if needed, could continue to work on their own.

This ability to work as a standalone applies to the investor relations and public relations function. Suitors like companies are able to enhance shareholder value. In some cases, when one company acquires another, the management team at the acquired company is sacked.

However, in other instances, management is kept on board because they know the company better than anyone else. Therefore, acquiring companies often look for candidates that have been well run. Nine years to the day of his victory in the G2 King's Stand S.

The gelding broke his leg in a paddock accident Saturday. Takeover Target did not make his racecourse debut until four due to injury, but he made up for lost time, winning his first seven starts culminating in his first Group 1, Flemington's Salinger S. He added the G1 Lightning S.

The following May he added another successful stamp to his passport when taking the KrisFlyer International Sprint in Singapore—not yet a Group 1—before yet again jumping on the plane to Ascot, where he was second in the King's Stand and fourth in the Golden Jubilee. Down Under. A temperature kept him out of that meeting, however, and the gelding rerouted to Newmarket's G1 July Cup, where he finished seventh, but fractured a hind cannon bone in the process, an injury that required surgery and forced his retirement.