Beacon Group definition
Examples of Beacon Group in a sentence
The Beacon Group served as financial advisor to the Instron Board and the Special Committee.
The Instron Board, the Special Committee and The Beacon Group believe that the foregoing relationships do not affect The Beacon Group's ability to act independently and impartially as financial advisor to the Instron Board and the Special Committee.
The Company has received the opinion of Beacon Group to the effect that, as of the date hereof, the Merger Consideration is fair to the holders of the Common Stock from a financial point of view.
On June 8, 1998, representatives of The Beacon Group met with Jame▇ ▇.
The Beacon Group noted that the Cash Merger Consideration equaled the high point of the range of implied equity per share values of Instron Common Stock produced by the leveraged transaction analysis.
On August 11, 1998, the Instron Board held a meeting at which representatives of The Beacon Group advised the Instron Board with respect to a range of strategic alternatives that might be available to Instron to enhance shareholder value and provide stockholders with greater liquidity.
While The Beacon Group noted that no merger and acquisition transaction reviewed was directly comparable to the Merger, The Beacon Group deemed three of the reviewed transactions most relevant in evaluating the Cash Merger Consideration (the "Comparable M&A Transactions") because of their focus on physical property measurement and the reasonable comparability of their end markets.
In conducting this analysis, The Beacon Group utilized the Instron Projections, without any discounts or adjustments to those projections, and assumed that financing for the Merger could be obtained in the high yield and bank finance markets in an amount not in excess of a certain multiple of the LTM EBITDA and that a minimum internal rate of return ranging from 25% to 30% on equity invested during a five year period would be required by the acquiror.
On July 13, 1998, representatives of The Beacon Group met with senior management of Instron, including Messrs.
On May 4, 1999, The Beacon Group rendered its oral opinion to the Instron Board to the effect that, as of that date and based on and subject to the assumptions made, matters considered and limits of the reviews undertaken by The Beacon Group described in its opinion, the Cash Merger Consideration to be received by the Public Stockholders pursuant to the Merger was fair from a financial point of view to such stockholders.