http://stockmarketbeat.com/blog1/2007/02/26/itri-actaris-deal-good-for-everyone-especially-private-equity-investors/ Our beat: The stock market. Our job: Beat it. Mon, 01 Dec 2008 21:37:19 +0000 http://wordpress.org/?v=2.2.1 http://stockmarketbeat.com/blog1/2007/02/26/itri-actaris-deal-good-for-everyone-especially-private-equity-investors/#comment-53502 ITRI: Smart Meter Competition for Itron | Stock Market Beat Mon, 12 May 2008 11:52:01 +0000 http://stockmarketbeat.com/blog1/2007/02/26/itri-actaris-deal-good-for-everyone-especially-private-equity-investors/#comment-53502 [...] have been an owner of the market leader in smart meters, Itron (ITRI), for some time. I found the article interesting because it uncovers a potential competitor I [...] […] have been an owner of the market leader in smart meters, Itron (ITRI), for some time. I found the article interesting because it uncovers a potential competitor I […]

]]> http://stockmarketbeat.com/blog1/2007/02/26/itri-actaris-deal-good-for-everyone-especially-private-equity-investors/#comment-25462 ITRI: Itron Closes Deal Quickly. Was the Meter Running? - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Wed, 18 Apr 2007 16:51:38 +0000 http://stockmarketbeat.com/blog1/2007/02/26/itri-actaris-deal-good-for-everyone-especially-private-equity-investors/#comment-25462 [...] Itron Completes Acquisition of Actaris Metering Systems: Financial News - Yahoo! Finance Itron, Inc. (ITRI) announced today that it has completed the acquisition of Actaris Metering Systems (Actaris) for EUR 800 million plus the retirement of debt, or $1.7 billion. Announced just six weeks ago, the deal closed in record time. As we noted at the time, the deal is being financed primarily with new debt, but Itron generates strong cash flow and will be adding more from Actaris, so it shouldn’t be a big problem. As a result, doubling income while increasing the share count by just 15% seems like a pretty good deal for existing shareholders. [...] […] Itron Completes Acquisition of Actaris Metering Systems: Financial News - Yahoo! Finance Itron, Inc. (ITRI) announced today that it has completed the acquisition of Actaris Metering Systems (Actaris) for EUR 800 million plus the retirement of debt, or $1.7 billion. Announced just six weeks ago, the deal closed in record time. As we noted at the time, the deal is being financed primarily with new debt, but Itron generates strong cash flow and will be adding more from Actaris, so it shouldn’t be a big problem. As a result, doubling income while increasing the share count by just 15% seems like a pretty good deal for existing shareholders. […]

]]> http://stockmarketbeat.com/blog1/2007/02/26/itri-actaris-deal-good-for-everyone-especially-private-equity-investors/#comment-23159 ITRI: Reading Itron’s Meter - Stock Market Beat - Our beat is the stock market. Our job is to beat it. Thu, 05 Apr 2007 19:34:56 +0000 http://stockmarketbeat.com/blog1/2007/02/26/itri-actaris-deal-good-for-everyone-especially-private-equity-investors/#comment-23159 [...] When Itron (ITRI) announed a large sale recently, we said “make no bones about it: automatic meter reading will be a long-term upgrade cycle, and the fact that a company with a market cap under $2 billion is one of the leaders means a great long-term opportunity for the stock, despite the hiccups they are bound to face along the way.” Possibly less concerned about those hiccups are the private equity guys who provided some of the capital Itron needed for a recent acquisition. As we said at the time: The best deal of all was reserved for 10 private equity investors, who were given a discount from the recent trading so as not to disrupt the market price. The $57.50 they paid (which they won’t even have to shell out until Thursday) has already yielded a 17% return. [...] […] When Itron (ITRI) announed a large sale recently, we said “make no bones about it: automatic meter reading will be a long-term upgrade cycle, and the fact that a company with a market cap under $2 billion is one of the leaders means a great long-term opportunity for the stock, despite the hiccups they are bound to face along the way.” Possibly less concerned about those hiccups are the private equity guys who provided some of the capital Itron needed for a recent acquisition. As we said at the time: The best deal of all was reserved for 10 private equity investors, who were given a discount from the recent trading so as not to disrupt the market price. The $57.50 they paid (which they won’t even have to shell out until Thursday) has already yielded a 17% return. […]

]]>