Jacuzzi buyout by Apollo Mgmt

[ndabunka]

Did you guys see the news this morning. JJZ is being bought out by Apollo Management for $12.50/share.  Last nights close was $10.35.  I've been in an out of the stock any number of times in the past two years.  Of course, I am not in it now (Isn't that always the case?). Nice little 20% pop there for the faithfull.

[ndabunka]

Apparently the largest shareholder feels that this is an in-sufficent amount.  They want more and will vote AGAINST the buyout effort.  This thing could go either way.  Good to see investors standding up for themselves (even if they are an institution).  I also agree that Jacuzzi is probably really a $18/share brand.  This could get interesting.. Here's a link to hte observation...http://messages.finance.yahoo.com/Conglomerates/threadview?m=tm&bn=19079&tid=2267&mid=2267&tof=2&frt=2

[cooltoy2000]

http://


http://messages.finance.yahoo.com/Conglomerates/threadview?m=tm&bn=19079&tid=2267&mid=2267&tof=2&frt=2