Friday, August 31, 2007

ValueAct Capital Notes 5.7% Stake In Newly Created Exterran Holdings (EXH)

In a 13D filing after the close on Exterran Holdings, Inc. (NYSE: EXH), ValueAct Capital disclosed a 5.7% stake (3,771,495 shares) in the company.

In a pretty standard disclosure, the firm did not make any direct requests on the company, but said they will monitor their investment and may enter discussions with management, the Board of Directors or others.

This is not a new stake. Exterran Holdings is the company created from the merger of Hanover Compressor Co. (old symbol 'HC') and Universal Compression Holdings (old symbol 'UCO'). ValueAct had previously held an 11.6 million share stake in Hanover and, based on the merger agreement, ValueAct received 0.325 shares of Exterran common stock for each share of Hanover they held.

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Blogger Off The Beaten Path Investments Forum said...

just wanted to give you a heads up on FTAR (ftar.ob in yahoo) ....looks like Schultze Asset Management, LLC just bought a 5.3% stake and filed a 13D .... this is particularly interesting since I am not sure what the activist action they can take with this stock ...based on my analysis posted here ..... .... current management is doing a pretty damn good job running the business and is very shareholder friendly

10:45 AM  
Blogger Lon said...

On FTAR.OB. This was the fourth amendment. Looks like they sold stock recently.

In a 04/06 13D they were complaining about the under-performance.

The orignal 13D was filed in 2004.

11:15 AM  

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