Examples of Beacon Group in a sentence
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.
The Beacon Group served as financial advisor to the Instron Board and the Special Committee.
All notices and other communications provided for hereunder shall be in writing (including telecopier, telegraphic, telex or cable communication) and mailed, telecopied, telegraphed, telexed, cabled or delivered, if to the Borrower, at 10451 Mill Run Circle, 10th Floor, Owings Mills, Maryland 21117, Attention: Chief Financial Officer, Facsimile (410) 654-5806; and if to the Lender, c/o The Beacon Group, 399 Park Avenue, 17th Floor, New York, New York 10022, Attention: Eric R.
McCoxxxxx xxx Moulding, to discuss the process by which The Beacon Group would assist the Instron Board in evaluating strategic alternatives.
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.
The Beacon Group has rendered its opinion dated as of May 6, 1999 to the effect that, as of the date thereof and based upon and subject to the assumptions, limitations and qualifications set forth in such opinion, the cash merger consideration of $22.00 per share was fair from a financial point of view to the public stockholders of Instron.
The alternatives outlined by The Beacon Group included (i) acquiring strategic businesses or assets that would add to or strengthen Instron's core businesses, (ii) divesting or spinning off certain of Instron's non-core businesses, (iii) entering into joint ventures and strategic alliances and (iv) a potential sale of Instron.
Because MTS Systems Corporation is comparable to Instron in terms of certain markets served, The Beacon Group also calculated an implied equity value per share by applying MTS Systems Corporation's Aggregate Value to LTM EBITDA multiple of 6.4x to Instron's LTM EBITDA as of December 31, 1998 and using Instron's balance sheet as of December 31, 1998.