RoseArt

Pelikan in talks with Texas Pacific Group

Original Author: 
Karen Yap in Kuala Lumpur, Kasper Viio in London and Divya Balji in Toronto
Type: 
Published News
Date of Publication: 
06/20/2008

This article in the FINANCIAL TIMES claims Pelikan may be taken private in cooperation with a Private Equity group and that it is also in discussions with mutliple prominent acquisition candidates including Faber-Castell, Montblanc and an unnamed Canadian company (i.e.Mega Brands) to bid on i's unnamed Stationary Division (i.e. it's RoseArt stationary products division). It seems highly unlikely that Faber-Castell family would sell to Pelikan.

Mega Brands to Explore Sale of Stationery Unit

Type: 
Company Press Release
Date of Publication: 
03/05/2008

MONTREAL, March 5, 2008 – MEGA Brands Inc. (TSX: MB) (the ‘‘Company’’) today announced that following a comprehensive strategic review, it intends to explore a sale of its Stationery and Activities business. The Company believes that this initiative will bring significant benefits:
• Focus MEGA Brands on its core toy business, leveraging its strengths and innovation culture
• Dedicate resources and management’s attention to creating value through the execution of the Value Enhancement Plan
• Provide the Company with a stronger and more flexible capital structure

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