The investor market no longer wants to support financing which includes payout to dividends; and not for below investment-grade debt. This turn in market mood is very recent, so this offer was just a bit late in execution.
38% of Rocket's offer was for dividends to Rocket founders and private-equity firm Court Square Capital. The best Rocket can do now is wait on the dividend, and ask only for what they need to maintain current operations/debt. Certainly they should expect a ROI someday/somehow, the timing does not seem to be now. Marc Rutherford Principal Programmer/Analyst Advanced Bionics LLC 661 362-1754 -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Bobby Worley Sent: Wednesday, May 07, 2014 8:12 AM To: U2 Users List Subject: [U2] Rocket: Something to be concerned about? http://www.businessweek.com/news/2014-04-28/rocket-software-said-to-scrap-725-million-dividend-loan-deal http://www.bloomberg.com/news/2014-05-01/junk-loans-pulled-as-investors-say-no-after-fed-raises-concerns.html -- ____________________ *Bob Worley* IT Applications Developer Coburn Supply Company o: 903.753.8613 | m: 214.676.9825 [email protected] _______________________________________________ U2-Users mailing list [email protected] http://listserver.u2ug.org/mailman/listinfo/u2-users _______________________________________________ U2-Users mailing list [email protected] http://listserver.u2ug.org/mailman/listinfo/u2-users
