Monday, July 16, 2007

MMI's Buyout Touch Continues with DJO

The buyout touch continues for MMI Investments. This morning, the firm's latest portfolio stock, DJO Incorporated (NYSE: DJO), agreed to be acquired by ReAble in a transaction valued at approximately $1.6 billion ($50.25/share).

5 of 7 of MMI's latest portflio stocks have now been acquired. The two that have not been acquired are Brink's Company (NYSE: BCO) and Unisys (NYSE: UIS). MMI has been pushing Brink's to spin-off one of its two business segments and the company is constantly a rumored takeover target. There has been no takeover news on Unisys.

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