LOS ANGELES, CA, (NAMC) - The acquisition train keeps on rolling in 2007, with private equity firms battling to acquire Equity Office Properties (NYSE: EOP), that will make it the largest takeover in U.S. history, just gives an indication of the consolidation that is ahead of us this year.

Just recently a subsidiary of the global private equity firm The Carlyle Group, CGEA Holdings, Inc, has made a cash tender offer for all the outstanding stock of ElkCorp (NYSE: ELK). The purchase price offer per share was $40.50 ElkCorp closed at $42.76 on Thursday.

Now there is a reason for that, last week ElkCorp rejected a $40 takeout bid from Building Materials Corp. of America, but BMCA is not out of the running as they are taking a page out of the Kohlberg Kravis and Roberts' handbook, they trumped Carlyle's offer and came in with a $42 number or $865 million. This may be another battle in the making.

Tender Offer battles are great for shareholders as it just raises the per share value of the company, granted it could potentially leveraged the company in a big way but by the time that effect is felt investors would be long gone.

Soms argue that private equity firms are snatching up great companies at a bargin and in some cases perhaps they are but if you are in before a tender offer is announced then you can ride the wave.

David Kingston
Business News Correspondent
NAMC Newswire
www.namcnewswire.com

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