It is doubtful that the buyout of the Hiland MLP [(HLND) and (HPGP)] by billionaire Harold Hamm will get sufficient votes at Tuesday’s shareholder meeting. This is already the second meeting after the October 20 meeting was adjourned when only 43% of the publicly held shares voted in favor. Both Hiland companies have significant upside if the deal falls through.
Among the many consolidations of MLPs (recall the mergers of Magellan Midstream (MMP), Atlas (ATLS) or the pending Enterprise/Teppco (EPD)/(TPP)), one deal stands out as a particularly bad deal: the opportunistic squeeze-out of minority shareholders of Hiland Partners (HLND) and Hiland Holdings GP (HPGP) at record low prices by oil magnate Harold Hamm. Management...
There are no fewer than eight IPOs on deck this week including: ethanol producer Hawkeye Holdings (HWY), women's pharma developer Warner Chilcott Holdings (WCRX), compression software developer DivX (DIVX), computing appliances developer Riverbed Technology (RVBD), data management software provider CommVault Systems (CVLT), Hiland Partners GP Hiland Holdings GP (HPGP), diabetic supplies provider Home Diagnostics (