Ciber, Inc. (delisted) (CBR) 銘柄情報

HTC Global to Buy IT Consultant Ciber for $93 Million

DJ HTC Global to Buy IT Consultant Ciber for $93 Million
05/19/17 14:01:00

By Lillian Rizzo
Ciber Inc. won court approval to sell its assets to HTC Global Services Inc., after the company prevailed with a $93 million bid in an auction this week.
"These are very favorable results from the auction," said Judge Brendan Shannon at a hearing Friday in U.S. Bankruptcy Court in Wilmington, Del.
HTC Global's winning bid for Ciber's North American and Indian assets was significantly more than the $50 million floor price set by France's Capgemini. HTC also agreed to assume certain liabilities as part of the offer.
Based in Troy, Mich., HTC is a provider of information-technology and outsourcing services. HTC Chief Executive Madhava Reddy said in court papers filed that the company is "uniquely positioned" to buy Ciber as it provides similar services. Court papers show that the privately held company had nearly $99 million in assets and about $45 million in liabilities for the period ending Dec. 31, 2016.
Due to the change in buyer and certain aspects of the sale, Ciber also received court approval to extend the maturity of its $41 million bankruptcy loan into June, as well as increase the size of the facility, which was provided by prepetition lender Wells Fargo & Co.
John D. Penn, a lawyer for Ciber's unsecured creditors committee, said his client was "pleased with the successful auction," looks forward to developing a reorganization plan "for a significant distribution to unsecured creditors." He added that he expects creditors to file additional claims for lease and contract rejections.
Ciber, which operates in the U.S., the U.K., and Denmark, and has centers in India, Vietnam and Poland, sought bankruptcy protection in mid-April after its balance sheet took a hit due to years of decline in demand and performance in its European market. Since 2014, Ciber's customers have left, making it difficult for the European operations to return to profitability.
The company said that its business operations in Finland, Germany, the Netherlands, Norway, Spain and Sweden were shut recently.
The company's major shareholders include BlackRock Inc., Dimensional Fund Advisors LP, Frontier Capital Management Co. LLC and Invesco Ltd., court papers show.
Founded in 1974, Ciber's business grew through acquisitions and, at its peak, had more than 8,600 employees. Currently the company has about 2,200 employees, as well as 315 independent contractors, and a subsidiary in India that employs about 1,350 people.
Peg Brickley contributed to this article
Write to Lillian Rizzo at Lillian.Rizzo@wsj.com

(END) Dow Jones Newswires
May 19, 2017 14:01 ET (18:01 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.- - 02 01 PM EDT 05-19-17

Here we go jump start our chance to get out lol

Russian hacker sentenced to 27 years

this means banks etc can breathe again

Ch11 filed. They would have sold whole company to Ameri100 incl. debt obligations of course, if they still would have been willing to buy.
Instead, they have a stalking horse bid at $50M for their remaining NA and India assets only.
Adding the DIP loan, $29M WF + $41M WF-DIP = $70M would need to be matched to pay off both. However, what would be left to common SH after even NA assets are sold?
Only value would be a complete buyout of company, i.e. paying SH cash or shares of buyer.
Further, NYSE may delist CBR now, since they usually don't hold BK companies. This would make them far less attractive to a buyout used for uplisting.
And yes, Ameri100 is highly likely out as stated above, otherwise BK would not have been utilized. Cheap asset sales ahead.

Halted

Patiently waiting!

Any time it could drop .75 a share was the offer

Im waiting on that news!

I like CBR here great entry

according to German BK law, parent cannot being drawn into this BK case, see https://content.next.westlaw.com/8-566-7187?__lrTS=20170401203024510&transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1

this explains Friday trade, no big plunge and even a very well volume supported rise at closing.

Booom!! Huge buying/Short Covering into the close. Maybe Monday brings something. I'm averaged at 0.325

GL All

German Ciber companies file for insolvency
http://www.reuters.com/article/idUSL5N1H80LP

Now I would love to know whether it is possible for CBR parent to stay out of BK while the German subsidies file for BK.
Since the parents to enjoy revenue from the subsidies and are on the common balance sheet, I would assume that the parent must pay for all liabilities first. This implies that the subsidies can only file for BK if CBR parent does.

Please help elucidating this issue, thank you.

come on guys lets close green

Looks like I was right. Nice little spike. I see upwards tomorrow.

Me too , but the market makers wont let me

$CBR Strong Here This Morning!

$CBR .33 Wonder why the drop when they have a .75 Buyout offer.

Ready for a big run this week..

Should spike next week

Waiting to jump in under .30 cents

LOAD TIME LETS DO IT

Shorts taking their 5-8cent profit

CBR wants green again. Merger is at .75

.0001

If this company is worth $0.75 a share then why is it trading at .57. I figured there would be a lot of buyers getting it because it's worth more than the price.

CBR .66 here we go

GBR .65 p/m and going for that $1 mark

watch them cry on this turnaround story

Gapping up p/m already. Hatters gonna hate

where is the delisting dummy

I love the fact that CBR has not jumped on the merger train and perhaps feel they can do just fine on their own...bring the squeeze!!

Oh yeah. Should be a nice gapper tomorrow

* * $CBR Video Chart 03-13-17 * *

Link to Video - click here to watch the technical chart video

CBR running hard before blizzard shuts down stock exchanges tomorrow.

Rebounding for new highs

PRINCETON, N.J., March 13, 2017 /PRNewswire/ -- AMERI Holdings, Inc. (AMRH) ("AMERI" or "Ameri100") announced today a merger proposal to CIBER, Inc. ("CIBER", "CBR", or the "Company") (CBR) valuing CBR at a price of $0.75 per share, which is a substantial premium to CBR's closing price of $0.28 on 3/10/17. In addition, AMERI has formed a stockholder group (the "AMERI Group", "we", or "us") with Lone Star Value Management, LLC (together with its affiliates "Lone Star Value") to nominate two highly-qualified candidates to CIBER's Board of Directors (the "Board") at the upcoming Annual Meeting of Stockholders ("2017 Annual Meeting"). The AMERI Group owns approximately 4.5 million shares of CBR, representing 5.5% of CBR's total shares outstanding.

CBR bullish 0.5405

they got a buyout offer, but hasn't been accepted though, so stock continues to trade and rise on its own









normal chart




log chart

I've got it on watch for the afternoon. Just gotta wait and see how the volume plays out.

any thoughts on where this is headed from .58 level? pop or crash?

I think can go $1+ on swing

Can this climb way back up?

CBR broke p/m high.

We gotta break through that .50 mark

Man i love mondays. Good morning CBR

What's your entry?

CBR I'm in

CBR BOOM!!! ON MEREGER NEWS...BEEN LOADING THE DROP

Will they have to delist or will they get a extension to remain compliant?

CBR will bounce on volume!

Is it going to rebound at all now? Any thoughts?