Top

Archive | April 23, 2012

Could Wal-Mart Bribery Scandal Derail Michaels’ IPO?

One of the year’s most hotly anticipated IPO offerings, Michaels Stores, could possibly be derailed because of a scandal involving its CEO’s previous tenure as a Wal-Mart executive.

On March 30th, Michaels Stores filed a widely anticipated notice with the SEC that it intends to become a publicly-held company again through an IPO that could raise as much as a half-billion dollars according to the SEC filing. Its private equity ownership Blackstone Group and Bain Capital have hired JP Morgan Chase and Goldman Sachs to manage the IPO. Michaels was purchased by Blackstone and Bain in 2006 for $6 billion, and has been burdened ever since with a heavy debt load (currently $3.49 billion) that was used to finance the purchase. The company says it plans to use the IPO in part to pay off some of that debt. Continue Reading →

17

Paperclipping Roundtable #110: Clash of the Die-Cutting Machines

This week we got down and dirty about one of the most contested categories in the industry: die cutting equipment. Christine Urias and Kerri Bradford joined the panel as we discussed what is out there, what we use and why it works for us.

Click on the share button above to share this episode on your own site by embedding the audio player right on your own site!

To listen to this episode, you can use the player embedded above, right click this link to download the file to your computer, visit the Paperclipping Roundtable web page or to make things easy, you can use this link:

Subscribe for free to Paperclipping Roundtable on iTunes

That link will open in iTunes and take you to the subscribe page, and then you can click on the “subscribe” button.

Subscribing in iTunes is one of the best ways to support Paperclipping Roundtable. Using iTunes is free, and subscribing is free. (If you don’t know how to use iTunes to subscribe, you can watch a video here that shows you how.)

Continue Reading →

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

0