Avigilon Admits Contacting 70 Bidders

By: John Honovich, Published on Mar 01, 2018

A new Avigilon financial disclosure shows that Avigilon, via its banker, had contacted 70 bidders in a formal 'sales process' conducted in late 2016 and early 2017, confirming IPVM's report of Avigilon acquisition negotiations during that time.

In this note, we examine this financial disclosure, what this means for Avigilon and what industry participants can learn from this process.

* *** ******** ********* disclosure ***** **** ********, via *** ******, *** contacted ** ******* ** a ****** '***** *******' conducted ** **** **** and ***** ****, **************'* ****** ** ******** acquisition ************ ****** **** time.

** **** ****, ** examine **** ********* **********, what **** ***** *** Avigilon *** **** ******** participants *** ***** **** this *******.

[***************]

Bidding ******* **** ** ** ** ** * ** ****

******-**** ******** '**** ** Arrangement'******** *** **** **** happened *** *** *** Board ******** ********. *** net/net ** **** ***** approaching ** *******, ****** meetings **** **, *********** with *, * **** could *** ** ******* with ***, ** *** screencaps ***** ****:

From **** ** ********

***** ** **** ***** be ******* ** *** initial ***** *******, ***** on ** ****, ******** approached ******** ** *** screencap ***** *****:

From ***** *** ** *** **** ** $** ***** ***********

*** ******* ** **** understand *** ******* *** that ******** *** ** a *****-**** *** ** the ***** ** *** October **** ***** *******, more **** ******** *** stock ***** **** ******** reached *** ** ******** in ******* ****. *** stock ***** ****** ***** illustrates ****:

**** ******* ***** ** the ******** *********** (** well ** ****** *****), Avigilon *** ******* *** a **** ****** ******** price **** *** **** low ** $* *** share. **** ****** *********** to ** **** ***** consummated ** ***** ****. In *** ********, ******** aggressively ******* *****, *********** freezing ***** *********, ********* reported *******. **** ******* helped ***** *** ******* a ****** *********** *****.

** *** ***** ****, Avigilon *** ******** ** $7 **** *** ***** than ***** **** ****, 4 ***** ***, ******* some ********* ** ** unsatisifed ** ****** *** more.

Lessons - ** *** ******* **** ***********

*** ** *** ******** dealers ********* ********* ** the **** / **** time ***** *** **** they **** *** ******* their *********** *** **** their *********** ***** **** them ** * **** was *********. *********, ***.

** ** *****, **** is *** * ********* of ******* ***********. ***, Avigilon ** * ******** traded ******* ** ************* such ***-****** *********** ***** likely ***** ***** ****. Moreover, **** ** **** were *** ******, *********** salespeople *** ******* **** the **** *** ***** of ** ******* *********** are *********.

Lesson - ***** ***** **** ****

**** **** ******** ********* bidders ** ********** * deal **** ****** * year *** * ****. Selling * *****-******* ******* dollar ******* ***** ****, especially ****** ** **** as **** ** ********.

********* ***** ** * tendency ** ***** ***** happen ***** ****, *** normally ***** ** * long ****** ****** *** scenes.

Lesson - **** *** ******* *****

**** ********* ****** **** aggressive ****** ** ********** cutting *****, *** ******** was ********* ***** ** for **** **** * year (*.*.,******** ****** ******** ** Maximizing ************* (** **** Results),******** **** ***** ******** Team,******** *** *** ***** Henderson *******), **** ** ***** a ****** ** * company ********* ****** *** sale.

******* *****, *** ****** equal, *** ********** ** the ***** ****, ********* profits. ******* *** **** to ******* ****** **********, as **** ******* *****:

******* ********'* **** - 2017 **** ******* ** sustainable ** **** **** term ******** ** ********* debtable *** ***** ** no ***** ***** ***** helped ******** *** ***** price *** ***** * higher ********* ****.

Update - ********* ** *** ***** *** ***** **** *******

*** ****** ******** ** disclosing **** ** ***** is * ***** **** meeting ** **** ** the **** *** *** board ****** **** **** / ******** **% ** the ******. **** **** to **** **** **** get ****** ***** ** approve *** ****.

** **** ******* *** the *****, ** ***** be ******** **** ***** disclose **** *******, ***** the ********* *********** ********. But ********** *** ** to ** ** * to **** ** ******** path ****** **** **** shareholders ** **** ********* this ** *** **** deal **** *** ***** to ***.

Comments (29)

** * ******* ****, to *******, **** ***** I ****** **** *** and *** "****** * spoke ** * ********** in *** **** **** who *** **** *** same ***** ********** *" without **** ** ******* problems *** ****, ***. But * **** *** 'sources' ** ***** **** language. **** * ** say ****, * ********* only ** ** ** I ** **** ********* that *** ****** *** direct ********* ** *** matter *** * ****** the ****** ** ****** likely ** ** ********. And * ********* *** be ***** *** * am ********* ******* *********** from **** ** ** management.

** **** ** *******. The *********** **** **** source ** *** * security ***** ******** ** the ***** ****.

***** *** * *** of ***** ****** *** fire ** **** ***.

***** *****. ***** *******. I *** ***, ** not ******** ** ****** my ************ *** ****. Keep ** *** **** work.

*** ***** ***** ** mention ***** ** *** not ** ***** *** they *** ********** **** now.

*** ****** ** ***** is * ***** **** meeting ** **** ** the **** *** *** board ****** **** **** / ******** **% ** the ******. **** **** to **** **** **** get ****** ***** ** approve *** ****.

** **** ******* *** the *****, ** ***** be ******** **** ***** disclose **** *******, ***** the ********* *********** ********. But ********** *** ** to ** ** * to **** ** ******** path ****** **** **** shareholders ** **** ********* this ** *** **** deal **** *** ***** to ***.

********* ******* ** ********'* founder's **********:

** $*.* ******* *** time ******* **** $*,*** per **** *** ** consulting ******** **** ******. 2-year ***-******* *** ***-************.

***, **** ****** **** years *** ** ***** article "*** ******** ** America", ******** * *** of * *** ******* is **** ******* *** lottery.

#*, ********* ** *** credit. ** ******* *** company ***** ** ********* and **** ******* **** the ******* ******* *** company *** *** **** paid **** ** ******** regardless ** **** ******* to *** *******.

*** ** ********* ****, he *** ** ********* when **** ***** ****** were ******* ** *********, and *** **** *** he ***** *** ******** and ********* **** * lot ****** **** *** peers ** ********** *** Arecont ******.

** *** *** ***-**** $5.4 ******* *******, * don't ******* ********** **** that ** ***, ** I ****** ***** ** its ******** ** ***************.

***'** *****, ********* **'* a ****** ** ***********. It ** *** **** the ***** **'** **** in *** ****. ** least ** *** *** still ** * ********** company.

** **** **** ******* with *** ******** ***** Rep *** *** **** after ******* ****** **** a *** *** ***** system ******. ** **** very ***** ** *** number *** *** ****** chose ******* *********** ******** firm ** ******* *** system, *** **** *** did ***** ***** ********** in ***** *******. *'* neither ********* ** *****. I ***'* ***** *** time ******.

** **** *** ******* conversation **** *** ***** the ***** *** ******** elsewhere *** ** **** they *** ***** ********** in ** ** *** we ** ****. * am ********** ** ****** optimistic. ** ** * company ** *** **** much ********** **** ****** IVMS ******** *** **'** learning *** **** ******* large ************* ** **** as ********* *******.

** ************ **** ****** active ** **** ** I ******** ** **** insight *** ********** ** we **** ******* **** our ****** ** ******** RMR *** ***** ***** of *** *** ***** and ****** ******* **** quality ********. **** ** worth *** **********.

** ************ **** ****** active ** **** ** I ******** ** **** insight *** ********** ** we **** ******* **** our ****** ** ******** RMR *** ***** ***** of *** *** ***** and ****** ******* **** quality ********. **** ** worth *** **********.

*** ** ****** *** make *** **** ********** stance ** **** ****** a ******?

** **** **** ** IPVM ********** ****** ** long ** ** ********* don't ******* * ** on ****.

** ********* **** * am ****. * ** the ***** *******. * am ***** *** ********* industry **** ** **** us ******* ** *** right *** ********** *********. I ** *********** *** other ******* ********* ***********, not *** *****, *** is ** **** *** hired ** ** ***** better ***** *** ******** to **** ** *******!

*** ** *** ******** dealers ********* ********* ** the **** / **** time ***** *** **** they **** *** ******* their *********** *** **** their *********** ***** **** them ** * **** was *********. *********, ***.

*** ******* **** ******** would **** **** ** they **** ***** **********...

*******:********* ****** *** **** Lie

* ***'* ***** ***** is **** ******. **** would **** ****** *** acquisition ** *** *****. Given **** **** ***** not **** * ***** until ******** ********** ****, they ***** *** **** been ***** ******.

**** ***** **** ****** any *********** ** *** works. ***** **** **** could *** **** * buyer ***** ******** ********** them, **** ***** *** have **** ***** ******.

*** ******** **** ***** have **** ******* **** negotiations **** *********. *** disclosure **** **** ** was * ****** '***** process' *** *** **** simply ********** ** ******* requests.

*** ******** **** ***** have **** ******* **** negotiations **** *********.

****’* ***** *** ***-****** denial *** ****** **** its ***** ;)

** *** ***** ** ethical *******, ***** ******* about ******* **** ******* is * ********** **** decision ** ****, *****:

*)********* ** ** ***** adversly ****** *** *******

*)** *** **** ***** thru, ********* ** *** knows ******* ** ***’*

*)** ** ********, *** payday, **...

*** *****/**** ** ******** Sales ****** *** **** knowledge? * *** *** think **** ****'* **** until **** **** *** announcement *** **** ** Motorola.

** ****** ******** ***** people *** ** **** of *** ***********. ****’* be “ *** **** man ** *** **** team *** *** **** ones ** ****”.

**** ***** ** *** for *** ****** *** Avigilon. *** ******* *** a ****** ******* ** keeping *********** *****************, *** in ******* **** *** share * *** **** the ***** **** **** ahead ** *** **** being ********* *********.

* ** ******* **** in *** ************* ******** with * *********** **** as ******** ** ********* engaged **, *** ********* who *** *** ** a "**** ** **** basis" ***'* ****. *** of **********.

*** ** **********.

**** ****** **** ********* ;)

***, ***, '**** ** know' ** ********** ********** here.

***, ********* *** ******** code **** *** *** deal *** '******* ******' as *** ***** ** the ****** *** * second ********* *********:

*********** *** **** ********* to ******* *** ***** price *** **** **** surrounding ***** ** **** it **** ******, ********* Blue **** ***** **** been **** ***********.

*'* ******* *** *** other * **** ****** Moto **** **.

* ** *** ******* of ****. * ** positive * ****** ** the ***** ******** ************* were ** *** ***** of ** *** *** sure *** *** ***** 2 ****.

** *****, * *** thinking **** *** * story ***** *** **** integrators ******** ******** ** show ** ** ** bid ************.

**** *****, ***** ******* with **** **** ******** into *** *********** *******.

** *****, * *** thinking **** *** * story ***** *** **** integrators ******** ******** ** show ** ** ** bid ************.

** ***, ****** ******* I *** *** ***** there ***** ******** ** 70 ******** ******* **** it **** ** ******* the *******. **** ** those ** **** **** really **** ******** *** bottom ** *** ******. I ****** **** ****** bid?

**** ** ***** ** must **** ****** **** scraping *** ****** ** the ******. * ****** what ****** ***?

****. * **** *** are ****** *** * suspect ** *** *** opposite. ****** ******* ******** reached *** ** **** of **** ********* **** in *** **** **** one ***** **** - Google, ***, ******, ********, Fujitsu, ****** *******, ***** :) ***....

...**, ****, ******* *****...

****** ******* ******** ******* out ** **** ** huge ********* **** ** the **** **** *** would **** - ******, IBM, ******, ********, *******, Konica *******, *****...

*****: ** **** ** an “***-**-***” ************ *******? *****...

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