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	<title>SCAS Inc</title>
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	<link>http://www.scasinc.com</link>
	<description>Financial Advisors, Management Consultants, Investment Bankers</description>
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		<title>JPMorgan buys MF Global Stake in London Metal Exchange</title>
		<link>http://www.scasinc.com/scas/jpmorgan-buys-mf-global-stake-in-london-metal-exchange</link>
		<comments>http://www.scasinc.com/scas/jpmorgan-buys-mf-global-stake-in-london-metal-exchange#comments</comments>
		<pubDate>Thu, 24 Nov 2011 02:20:27 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2494</guid>
		<description><![CDATA[After successful dealing, JPMorgan Chase bought an additional 4.7 percent stake in the London Metal Exchange from the insolvent brokerage MF Global, in a deal valued at $38.9 million. This is according to persons privileged with the information about the deal.
JPMorgan Chase bought MF Global’s holdings in LME via an auction led by the accountancy [...]]]></description>
			<content:encoded><![CDATA[<p>After successful dealing, JPMorgan Chase bought an additional 4.7 percent stake in the London Metal Exchange from the insolvent brokerage MF Global, in a deal valued at $38.9 million. This is according to persons privileged with the information about the deal.<br />
JPMorgan Chase bought MF Global’s holdings in LME via an auction led by the accountancy firm KPMG. The deal is to be announced sometime early next week.<br />
Although JPMorgan purchased the position at a discount, the £25 million deal leaves London Metal Exchange value at about £530 million to £560 million. This is according to the same sources.<br />
To help raise funds to pay off its creditors, MF Global’s Estate will be seeking to sell the remaining parts of the company through a series of sale outlets. However, lawyers representing MF Global in bankruptcy court said that much of the estate’s assets are held in several subsidiaries controlled by different trustees, a thing that will complicate the sell out process.<br />
After the purchase of the 4.7 percent stake, JPMorgan’s stake now stands at 10.9 percent, as it owned 6.2 percent of MF Global previously, making it the biggest shareholder in the company.<br />
JPMorgan purchased 600,000 Group A shares, valued at £25 million and 25,000 Group B shares for £2 million. Group A shares accord the bank voting rights unlike Group B shares, making JPMorgan a recognizable force within the company. Top market player Goldman Sachs holds a 9.5 percent stake in the company, making it London Metal Exchange’s second largest shareholder.<br />
The deal leaves JPMorgan Chase in a very lucrative position; a ripe position that will see the bank benefit from any future sale of large metal marketplace.<br />
In the month of September, London Metal Exchange, which specializes in the trade of minor metals, non-ferrous metal and steel, announced that several acquirers had expressed interest, and that it was juggling its options.<br />
While the firm failed to name potential bidders, marketplace analysts say either the International Exchange or the CME Group could be probable acquirers. The takeover is expected to attract a £1 billion price.<br />
London Metal Exchange has greatly benefitted from rising prices for raw materials and a demand that is growing exponentially. Last year, London Metal Exchange’s trading volumes hit the equivalent of $1.6 trillion, with an everyday average of $46 billion.</p>
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		<title>EBay to buyout New York Start-up Hunch</title>
		<link>http://www.scasinc.com/scas/ebay-to-buyout-new-york-start-up-hunch</link>
		<comments>http://www.scasinc.com/scas/ebay-to-buyout-new-york-start-up-hunch#comments</comments>
		<pubDate>Thu, 24 Nov 2011 02:18:31 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2492</guid>
		<description><![CDATA[Global e-commerce and online payments platform eBay Inc. on Monday announced plans to acquire a New York start-up called Hunch Inc. This is according to a post published on Michael Arrington’s blog, Uncrunched.com.
Michael is the brains and soul behind TechCrunch, a popular web publication. He is also a general partner at CrunchFund. EBay Inc. anticipates [...]]]></description>
			<content:encoded><![CDATA[<p>Global e-commerce and online payments platform eBay Inc. on Monday announced plans to acquire a New York start-up called Hunch Inc. This is according to a post published on Michael Arrington’s blog, Uncrunched.com.<br />
Michael is the brains and soul behind TechCrunch, a popular web publication. He is also a general partner at CrunchFund. EBay Inc. anticipates acquiring Hunch Inc. technological and human-skill resources in a deal valued at about $80 million.<br />
The San Jose-based EBay, which lists on NASDAQ as EBAY, will be looking forward to use Hunch’s recommendation technology to improve its own e-commerce recommendations. Hunch top-range recommendation service fully runs on a patented prediction technology christened “Taste Graph”.<br />
Hunch’s technology allows the user to make and discover great recommendations based on the user’s specific tastes. Hunch goal is to create a taste graph that connects each person on the internet with his or her affinity for every entity may it be a car, camera, book or anything else on the web.<br />
 “We are engaging consumers in innovative ways and attracting top technologists to shape the future of commerce,” said Mark Carges, Chief Tech Officer and Senior Vice President, Global Products, Marketplaces in a press release released by eBay on Monday. “With Hunch, we’re adding new capabilities to personalizing the shopping experience on eBay to the individual relevant tastes and interests of our customers. We expect Hunch’s technologies to benefit eBay shoppers as they browse and buy, and new ways to connect the right products with the right customers.” He added.<br />
Since it was commissioned in 2008, Hunch Inc. has raised an approximate $20 million in funding. The company was founded by Chris Dixon, a contributing writer at TechCrunch, Tom Pinckney, Matt Gattis and advisor Caterina Fake. After the acquisition, eBay’s management will be expecting Chris to lead a 50-person recommendations team put together by and for eBay. In addition, he is to open, run and grow an office in New York.<br />
Firms backing the deal include General Catalyst Partners, which runs operations from an office in Palo Alto, Silicon Valley-based angle fund SV Angel, as well as Menlo Park-based Bessemer Venture Partners and Khosla Ventures.</p>
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		<title>LinkedIn Investors Target to Sell $500 Million in Company Stock</title>
		<link>http://www.scasinc.com/scas/linkedin-investors-target-to-sell-500-million-in-company-stock</link>
		<comments>http://www.scasinc.com/scas/linkedin-investors-target-to-sell-500-million-in-company-stock#comments</comments>
		<pubDate>Sat, 19 Nov 2011 08:27:51 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2487</guid>
		<description><![CDATA[LinkedIn investors and executives will be seeking to sell more than 6.7 million shares valued at around $500 million, only 5 months after its blockbuster IPO in May this year. This is according to a regulatory filing with the U.S. Securities and Exchange Commission.
According to the filings, Bain Capital, LinkedIn’s top investor, will be looking [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: Justify">LinkedIn investors and executives will be seeking to sell more than 6.7 million shares valued at around $500 million, only 5 months after its blockbuster IPO in May this year. This is according to a regulatory filing with the U.S. Securities and Exchange Commission.</p>
<p style="text-align: Justify">According to the filings, Bain Capital, LinkedIn’s top investor, will be looking to unload its entire stake in the company. Bain holds about 4%, or 3.7 million shares, of stock at LinkedIn. Sources have it that Bain Capital facilitated a $53-million investing round in 2008 that left LinkedIn valued at $1 billion. Since then, Bain has been a top investor in the professional networking company.</p>
<p style="text-align: Justify">The sale will go down this coming week after LinkedIn’s IPO 180-day “lockup” expires on Sunday. The “lockup” agreement is meant to preclude company’s insiders from rushing to sell their stakes. In the markets, it is common for executives and investors to sell their stakes immediately after a lockup.</p>
<p style="text-align: Justify">LinkedIn’s was the biggest initial public offering for an internet company since Google’s IPO in 2004. This past month, the company announced that it would offer an extra $100 million in stock to feed growth. The sale will involve around 1.3 million shares, the company said on Tuesday. The date of the sale has not been set.</p>
<p style="text-align: Justify">LinkedIn’s move to sell additional shares will cause doubling of the number of shares in the market. Previously, the company has benefitted from the limited number of shares. by limiting the number of shares offered through an IPO makes shares scarce, which tends to escalate the value of stocks.</p>
<p style="text-align: Justify">LinkedIn shares garnered as high as $109.97 in July before falling to the lower $70 range a month later. On Tuesday, the shares slumped by 4.6 percent to close at $74.86.</p>
<p style="text-align: Justify">Chief Executive Officer Jeff Weiner and Chief Financial Officer Steve Sordello are each offloading 10 percent of their stakes. Sources within the company said that the two agreed to a 90-day waiting period before selling more shares.</p>
<p style="text-align: Justify">LinkedIn co-founder and current Chairman, Reid Hoffman agreed to the condition. However, he is not selling any shares. Currently, his stake in the California-based company is valued at more than $1 billion.</p>
<p style="text-align: Justify">LinkedIn posted its first loss as a public company in the third quarter even as revenues doubled. To expand its offerings to its more than 135 million members the world over, the company immensely increased spending. It specializes in networking professionals from all the four corners of the globe.</p>
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		<title>Nippon Metal and Nisshin Steel to Merge</title>
		<link>http://www.scasinc.com/scas/nippon-metal-and-nisshin-steel-to-merge</link>
		<comments>http://www.scasinc.com/scas/nippon-metal-and-nisshin-steel-to-merge#comments</comments>
		<pubDate>Sat, 19 Nov 2011 08:24:06 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2485</guid>
		<description><![CDATA[Tuesday this week, Nippon Metal Industry and Nisshin Steel announced plans to merge in a business deal that would form the second-biggest stainless steel mill in Japan.
Both companies will have a market capitalization of $1.6 billion after the deal, expected to go down before 12th October, is completed. Nisshin already owns a 5 % stake [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify">Tuesday this week, Nippon Metal Industry and Nisshin Steel announced plans to merge in a business deal that would form the second-biggest stainless steel mill in Japan.</p>
<p style="text-align: center">Both companies will have a market capitalization of $1.6 billion after the deal, expected to go down before 12<sup>th</sup> October, is completed. Nisshin already owns a 5 % stake in Nippon and is valued at $1.4 billion.</p>
<p style="text-align: justify">Though the firms failed to provide specifics on the deal, they said that a holding company would be formed to run the new combined business. The deal comes at a time when both Nisshin and Nippon are faced with weak demand in their local market as well as growing competition from international equals.</p>
<p style="text-align: center">“The business environment of stainless steel industry has been going through drastic changes in recent years,” said a statement released by Nisshin Steel. “The companies believe that it is indispensable for them to further tighten their relationship.”</p>
<p style="text-align: center">The announcement was further met with negative reactions from the markets in Tokyo. By the close of trading, Nisshin stock price had slumped by 6.9 %, and Nippon Metal’s share lost 6.4%.</p>
<p style="text-align: center">Persons privileged with the information about the deal said that it is the largest amalgamation in the steel industry. At the beginning of the year, Sumitomo Metal Industries and Nippon Steel announced an analogous deal to form the world’s second-largest steel maker valued at $24.5 billion.</p>
<p style="text-align: center">Rising costs for raw materials; coking coal and iron ore used in the making of steel have led to global merging in the steel industry as firms seek to cut down on operation costs.</p>
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		<title>Sinochem Plans to Raise to the Tune of 35 Billion Yuan in Its IPO</title>
		<link>http://www.scasinc.com/ipo/sinochem-plans-to-raise-to-the-tune-of-35-billion-yuan-in-its-ipo</link>
		<comments>http://www.scasinc.com/ipo/sinochem-plans-to-raise-to-the-tune-of-35-billion-yuan-in-its-ipo#comments</comments>
		<pubDate>Sat, 19 Nov 2011 08:22:08 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[IPO]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2483</guid>
		<description><![CDATA[To facilitate the construction of an oil refinery plant, Sinochem Corp. plans to pile up around 35 billion in Yuan, a figure that stands at $5.5 billion at the current exchange rates. Sinochem’s IPO, if successful, will be China’s sixth biggest IPO this year.
According to data posted on Ministry of Environmental Protection’s website, Sinochem Corp., [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify">To facilitate the construction of an oil refinery plant, Sinochem Corp. plans to pile up around 35 billion in Yuan, a figure that stands at $5.5 billion at the current exchange rates. Sinochem’s IPO, if successful, will be China’s sixth biggest IPO this year.</p>
<p style="text-align:justify">According to data posted on Ministry of Environmental Protection’s website, Sinochem Corp., China’s largest chemical products supplier plans to sell about 26.5 billion shares in an initial public offering in Shanghai. Proceeds from the IPO will be used to erect a 241,000 barrel-per-day, or a 12 million metric ton-per-day oil refinery plant in Fujian.</p>
<p style="text-align: justify">Data put together by news website Bloomberg shows that several companies in China have raised as much as $37 billion in IPOs this year, a figure doubling one recorded in Hong Kong. According to Bloomberg data, Sinochem Corp.’s IPO comes a few days shy of a month after Sinohydro Group Ltd., China’s largest constructor of hydroelectric dams, piled up 13.5 billion Yuan in what was China’s biggest IPO of 2011.</p>
<p style="text-align: justify">Sandy Mehta, CEO at Hong Kong-based Value Investment Principals Ltd. said that this move would open up floodgates for more IPOs. “Chinese stocks are very cheap in terms of valuation, and the bearishness on economy and banks is very undone. China has now stopped tightening.” He added.</p>
<p style="text-align: justify">To tame inflation that threatened to suffocate its economy, China curbed bank lending by raising interest rates. All the same, this essential move did not stop Shanghai Composite Index from losing 11 percent this year. In similar fashion, Sinohydro Group Ltd. slumped 6.8 % since it started trading on the 18<sup>th</sup> of October.</p>
<p style="text-align: justify">Industrial output grew at a snail’s pace while home sales fell fall even as inflation cooled off throughout the month of October. In relation to this, a survey conducted by Bloomberg showed that majority of economists in China expected that the country would loosen monetary or fiscal policy without lowering interest rates.</p>
<p style="text-align: justify">According to its website, the Beijing-based Sinochem is the fourth-largest oil company in China. To boot, it has assets in real estate and agriculture. Last year, the company recorded a 9.1 billion Yuan in profits sheared off from 335.5 billion Yuan of gross revenues.</p>
<p style="text-align: justify">Sinochem’s parent company, the Sinochem Group Ltd., is also parent to several other listed companies including Sinofert Holdings Ltd., Sinochem International Corp., and Far East Horizon Ltd.</p>
<p style="text-align: justify">In related news, China Railway Materials Commercial Co. also has plans to raise over 14.7 billion Yuan in an IPO, funds that will be used to finance several of its projects. This is in accordance to a statement from the company posted yesterday on the Ministry of Environmental Protection’s website.</p>
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		<title>Delphi Automotive Seeks to Raise Around $578 Million in IPO</title>
		<link>http://www.scasinc.com/scas/delphi-automotive-seeks-to-raise-around-578-million-in-ipo</link>
		<comments>http://www.scasinc.com/scas/delphi-automotive-seeks-to-raise-around-578-million-in-ipo#comments</comments>
		<pubDate>Tue, 15 Nov 2011 12:21:43 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2480</guid>
		<description><![CDATA[Delphi Automotive Plc will be seeking to raise as much as $578 million in its IPO. Persons with access to this knowledge say that the benefit will push the company’s worth to about $7.88 billion. Delphi Automotive was formerly under General Motors Co.
According to a filing with the U.S. Securities and Exchange Commission, the company [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: Justify">Delphi Automotive Plc will be seeking to raise as much as $578 million in its IPO. Persons with access to this knowledge say that the benefit will push the company’s worth to about $7.88 billion. Delphi Automotive was formerly under General Motors Co.</p>
<p style="text-align: justify">According to a filing with the U.S. Securities and Exchange Commission, the company is to sell 24.1 million shares at $22 to $24 a share. The filing also has it that Paulson &amp; Co., a hedge fund run by John Paulson, will be expected to sell 20.6 million shares, the largest stake in the company.</p>
<p style="text-align: justify">Turbulence in the automobile industry and global markets has not discouraged Delphi from hosting its IPO. This third quarter only, several companies including Wilbur Ross’s International Automotive Components Group have cancelled their IPOs valued at $8.9 billion. Wilbur postponed his company’s IPO to January 2012.</p>
<p style="text-align: justify">The Michigan-based Delphi will start marketing to investors this week, according to sources privileged with the information. The shares are expected to start trading come 17<sup>th</sup> of November. According to one of the sources, Delphi, which is registered in Gillingham, U.K., planned to offer more than $1 billion in shares.</p>
<p style="text-align: right">According to the filing, Delphi Automotive Plc will have an outstanding 328.2 million shares. Working with $23, the average share price, the company would be worth around $7.55 billion.</p>
<p style="text-align: justify"><strong>The Option of Overallotment</strong></p>
<p style="text-align: justify">Selling shareholders will also seek to sell over 3.61 million shares at $22 &#8211; $24 a piece during the IPO.</p>
<p style="text-align: justify">Delphi Automotive is one of the largest auto-parts company in the U.S. It escaped bankruptcy in late 2009 to become a more profitable, self-sustained and rapidly growing auto-parts Company. The company benefited from the recovery in the U.S Auto Industry as evinced by GM and Tesla Motor Inc. IPOs held last year. The turbulence in global markets has since dealt GM shares a 36-percent loss. The same has driven down Tesla Motors Inc.’s shares by 33 %.</p>
<p style="text-align: justify">The Delphi IPO will be led by JPMorgan Chase &amp; Co. and Goldman Sachs Group Inc. The shares will go up on the stock market under the symbol “DLPH”.</p>
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		<title>Yelp Goes With Goldman Sachs Group (GS) and Citigroup Inc. (C) for its IPO</title>
		<link>http://www.scasinc.com/scas/yelp-goes-with-goldman-sachs-group-gs-and-citigroup-inc-c-for-its-ipo</link>
		<comments>http://www.scasinc.com/scas/yelp-goes-with-goldman-sachs-group-gs-and-citigroup-inc-c-for-its-ipo#comments</comments>
		<pubDate>Tue, 15 Nov 2011 12:18:11 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2478</guid>
		<description><![CDATA[The review site, Yelp Inc., is said to have chosen heavyweights Goldman Sachs Group Inc and Citigroup Inc to lead its IPO come 2012. That is according to two persons familiar with the deal.
The sources, however, pointed out that the San Francisco-based Yelp has not settled on the number of shares it will offer. According [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify">The review site, Yelp Inc., is said to have chosen heavyweights Goldman Sachs Group Inc and Citigroup Inc to lead its IPO come 2012. That is according to two persons familiar with the deal.</p>
<p style="text-align: justify">The sources, however, pointed out that the San Francisco-based Yelp has not settled on the number of shares it will offer. According to Wall Street Journal, which also reported Yelp’s plan to host an IPO earlier this year, the company will be worth at about $2 billion after the initial public offering.</p>
<p style="text-align: justify">As the stock market gets swamped, Yelp has differentiated itself from Groupon Inc. by scaling back a foray into the deal-of-the-day business. In an August interview, vice-president of corporate communications, Vince Sollitto, said that the company moved around 15 salespersons from Yelp Deals to other fields of business. He also added that the number of deals users receive via email is likely to remain the same.</p>
<p style="text-align: justify">This past week, top daily-deal site Groupon piled up $700 million its IPO. It was the biggest U.S. initial public offering by an internet company since Google’s IPO in 2004.</p>
<p style="text-align: justify">Andrea Rachman, Mark Costiglio and Stephanie Ichinose; spokespersons for Goldman Sachs, Citigroup and Yelp in that order, all declined to comment for the deal is yet to be formalized.</p>
<p style="text-align: justify">Yelp’s IPO will be an ideal opportunity to lift returns at Elevation Partners, a private equity unit that has Bono, the U2 singer, and Roger McNamee as part of its investment team. Last year, California-based Menlo Park bought 20% stake, valued at $100 million, in Yelp. The success of the IPO would mean a $2-billion valuation for Yelp, something that would subsequently leave Elevation’s stake at around $400 million. Elevation Partners also has stake valued at about $1.2 billion in Facebook Inc, the company behind popular social-network Facebook.com. Additionally, Elevation is an investor in Palm Inc-now part of HP- and real-estate firm, Move Inc.</p>
<p style="text-align: justify">The date of the offering as well as details such as the symbol Yelp will trade under are yet to be revealed.</p>
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		<title>Angie’s List Has Eyes Trained On Raising As Much As $114.3 Million In Initial Public Offering</title>
		<link>http://www.scasinc.com/ipo/angie%e2%80%99s-list-has-eyes-trained-on-raising-as-much-as-114-3-million-in-initial-public-offering</link>
		<comments>http://www.scasinc.com/ipo/angie%e2%80%99s-list-has-eyes-trained-on-raising-as-much-as-114-3-million-in-initial-public-offering#comments</comments>
		<pubDate>Fri, 04 Nov 2011 07:06:36 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[IPO]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2475</guid>
		<description><![CDATA[In the recent past, an increasing number of internet businesses have been taking to the IPO in efforts to raise funds. Joining that list is Angie’s List, the consumer-review website, which plans to raise a sum of $114.3 million in its IPO.
A filing with the US Securities and Exchange commission has it that Angie’s List [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify">In the recent past, an increasing number of internet businesses have been taking to the IPO in efforts to raise funds. Joining that list is Angie’s List, the consumer-review website, which plans to raise a sum of $114.3 million in its IPO.</p>
<p style="text-align: justify">A filing with the US Securities and Exchange commission has it that Angie’s List plans to offer 8.8 million shares for $11 &#8211; $13 per unit. Working with the average, the Indianapolis-based internet portal would merit a $667 million price tag. Data from Bloomberg show that the company will be expecting to price the offering come Nov 16.</p>
<p style="text-align: justify">Angie’s List joins Zynga Inc. and Groupon Inc. in attempting to host its Initial Public Offering before Thanksgiving. Were it not for high volatility and gyrating stocks that rocked the month the August, many U.S. companies would have gone public much earlier.</p>
<p style="text-align: justify">Groupon Inc is an online coupon provider based in Chicago. It is attempting to pile up $580 million in its IPO this week. Zynga, which develops games for Facebook.com, plans to host their IPO before the 24<sup>th</sup> of November.</p>
<p style="text-align: justify">A 46% increase in the revenue saw Angie’s List make $62.6 million in the nine months ended 30<sup>th</sup> September. The filling also shows that the net loss of the company grew from $18.9million to $43.2 million.</p>
<p style="text-align: justify">To honour a membership fee, Angie’s List offers the consumer reviews of electricians, plumbers as well as other providers. The site’s membership has been growing and shot past the one-millionth member last month. Angie Hicks started the site in 1995 and became president before stepping down in 1998, when she left to pursue a Master’s in Business Administration at Harvard University. Currently, she is the company’s chief marketing officer.</p>
<p style="text-align: justify">According to the filing, the company will sell the shares via two channels. According to a prospectus, the company is to sell 6.3 million units through the IPO while existing shareholders sell the remaining 2.5 million. Sellers will include BV Capital and Battery Ventures, which must also lower their stakes from 12% to 9.3% and 18% to 15% respectively. Angie will be expected to trim her stake from 1.8% to 1.5%.</p>
<p style="text-align: justify">The company pegs Net proceeds from the IPO at about $66.4 million, capital that Hicks will use to finance advertising and multiplication of membership. Bank of America Corp is charged with responsibility of leading the IPO. The shares will go up as ANGI on the Nasdaq Stock Market.</p>
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		<title>K.K.R in Talks to Buyout Samson Investment</title>
		<link>http://www.scasinc.com/scas/k-k-r-in-talks-to-buyout-samson-investment</link>
		<comments>http://www.scasinc.com/scas/k-k-r-in-talks-to-buyout-samson-investment#comments</comments>
		<pubDate>Thu, 03 Nov 2011 02:35:57 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2472</guid>
		<description><![CDATA[It is now apparent that two years of small deals at Kohlberg Kravis Roberts &#38; Co could not keep the company from lurching ahead and holding exclusive talks with Samson Investment Company; a very attractive family-owned oil/natural gas exploration unit the K.K.R group is determined to acquire. According to persons privileged with the information, the [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify">It is now apparent that two years of small deals at Kohlberg Kravis Roberts &amp; Co could not keep the company from lurching ahead and holding exclusive talks with Samson Investment Company; a very attractive family-owned oil/natural gas exploration unit the K.K.R group is determined to acquire. According to persons privileged with the information, the Samson Investment buyout will be a blockbuster takeover for K.K.R &amp; Co. if it goes through.</p>
<p style="text-align: justify">The Samson Investment unit has been under the scrutiny of K.K.R for a while now, said the persons, who will remain unnamed due to the confidentiality aspect of the discussions. As part of the acquisition, the K.K.R unit has been arranging for financing with several banks, the sources added. Kohlberg Kravis Roberts &amp; Co. is said to have beaten to the race, several other oil and natural gas groups to win itself exclusive talks with Samson Investment.</p>
<p style="text-align: justify">Should the two sides shake hands at the end of the talks, this takeover would be one of the biggest since the economic crisis of September 2008. This year also, the K.K.R group laid claim to one of the priciest private-equity deals of recent times by purchasing Del Monte Foods at $5.3 billion.\</p>
<p style="text-align: justify">According to their website, Samson Investment Company owns more than 4,000 wells to date. Also on their portfolio, are more than 11,000 partially owned wells drilled across the country. The company is valued at $8 – $10 billion sale value. Its huge success can be perched on the increasingly popular tactic of drilling for natural gas and oil in shale formations.</p>
<p style="text-align: justify">The buyout would see the Schusterman family let go of the reins at Samson, which has been in the family for more than 40 years. Through the years, the Schustermans have grown Samson into a reputable oil exploration company in Tulsa, Oklahoma. Currently, Stacy Schusterman, daughter to founder Charles Schusterman, runs the company in both capacities as chairperson and CEO. She admitted to the company’s talks with K.K.R in an internal memorandum.</p>
<p style="text-align: justify">“If a definitive agreement is reached with K.K.R, it will be because they recognize the value of our assets and our team,” Stacy Shusterman said. “K.K.R has stated that if we move forward, they are committed to building our team at each of our current locations.” She added. A K.K.R spokesperson cited confidentiality reasons and declined to comment when approached.</p>
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		<title>Zillow Buys Real Estate Listings Creation And Distribution Tool Postlets</title>
		<link>http://www.scasinc.com/scas/zillow-buys-real-estate-listings-creation-and-distribution-tool-postlets</link>
		<comments>http://www.scasinc.com/scas/zillow-buys-real-estate-listings-creation-and-distribution-tool-postlets#comments</comments>
		<pubDate>Tue, 12 Apr 2011 10:06:06 +0000</pubDate>
		<dc:creator>Chikhani</dc:creator>
				<category><![CDATA[SCAS Inc]]></category>

		<guid isPermaLink="false">http://www.scasinc.com/?p=2449</guid>
		<description><![CDATA[Real estate listings and search site Zillow has acquired Postlets, a online real estate listing creation and distribution platform. Terms of the deal were not disclosed.
Founded in 2005, Postlets allows individual real estate agents, property managers and landlords to create listings and send them to 13 real estate and social media websites. The free platform itself [...]]]></description>
			<content:encoded><![CDATA[<p style="line-height: 19px; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px;"><span style="color: #000000;"><img class="alignleft size-full wp-image-2453" title="zillow" src="http://www.scasinc.com/wp-content/uploads/2011/04/zillow.jpeg" alt="zillow" width="200" height="48" /><img class="alignright size-full wp-image-2454" title="postlets" src="http://www.scasinc.com/wp-content/uploads/2011/04/postlets.jpeg" alt="postlets" width="200" height="60" />Real estate listings and search site <a href="http://www.zillow.com/">Zillow</a> has <a href="http://www.postlets.com/home.php">acquired Postlets</a>, a online real estate listing creation and distribution platform. Terms of the deal were not disclosed.</span></p>
<p style="line-height: 19px; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px;"><span style="color: #000000;">Founded in 2005, Postlets allows individual real estate agents, property managers and landlords to create listings and send them to 13 real estate and social media websites. The free platform itself makes syndication of listings easy. It allows you to create a listing and then automatically distribute the posting across the Web. Postlets also allows agents to create a personalized, customized landing page to showcase all postings in are centralized.</span></p>
<p style="line-height: 19px; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px;"><span style="color: #000000;">Postlets currently has more than 500,000 registered users which have used the platform to create and distribute 350,000 for-sale and for-rent listings in the U.S. As part of the acquisition, Postlets co-founders Asher Matsuda and Raymond Chen have joined Zillow as full-time employees. Postlets will continue to send listings to its current distribution partners.</span></p>
<p><span style="color: #000000;">Zillow, which launched a mortgage marketplace in 2008, has expanded into rentals and mobile. The addition of listings management and syndication is added to the mix with the purchase of Postlets. Zillow is also looking at an IPO in the next year.</span></p>
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