I am seeking a list of at least 5 public companies which have sold
preferred stock in a private placement in order to finance the cost of
the acquisition of another public company.  The companies must be
either NYSE- or Nasdaq-listed and the transactions should be within
the last 3 years.

To recap, the key elements are that the company is public, the sale
was a private placement, the securities sold were preferred stock and
the deal was done in order to acquire another public company.

Links to press releases on the companies' websites announcing the
transactions are sufficient.

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Request for Question Clarification by omnivorous-ga on 09 Oct 2002 13:28 PDT

Queries --

Finding the private placements isn't difficult.  What's difficult is
"purpose" of the sale.  To clarify:

1.  does the private placement announcement have to SPECIFY that it's
for an acquisition?   As you know, often the verbage is something akin
to "to improve capital structure and take advantage of future
opportunities."

2.  if there's a major acquisition within 12 months -- is that
adequate to your needs?

Best regards,

Omnivorous-GA

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Clarification of Question by queries-ga on 09 Oct 2002 14:15 PDT

Omnivorous - I am trying to find transactions where the private
placement and the public acquisition are linked so, yes, I'm looking
only for examples where the private placement announcement indicates
that it is to finance a particular acquisition.  This tends to be
explicit - if the language refers only to some general corporate
purposes, then the transactions are likely not sufficiently linked for
my purposes.  For this reason, the private placement and acquisition
need to be contemporaneous as well.  Thanks, Queries

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Request for Question Clarification by omnivorous-ga on 18 Oct 2002 12:45 PDT

Queries --

Having noticed that the question is still unanswered, I thought that
I'd post a note that could be of interest to you.  I recently put
together this list for another GA customer:
https://answers.google.com/answers/main?cmd=threadview&id=76814

In mid-1997, due to market conditions, the private placement market
became more active due to drying up of bond market funds.  My list of
55 transactions in the telecommunications shows a large number of
private placements -- and none for an acquisition.

Given the ability of public companies to issue common stock for a
pooling-of-interests transactions seems to me to make private
placements unlikely.

Best regards,

Omnivorous-GA

Queries and GA researchers:

A Google search strategy like the following produces a large number of
private placements, but few with statements related to specific
acquisitions:
"private placement" + "preferred stock"

A more fruitful strategy is:
"private placement" + acquisition

I reviewed about 30 transactions, with about half of them involving
purchase of property or mining rights; many of the balance being
purchases of private operations.

Including all three terms -- "private placement" + "preferred stock" +
acquisition yields no Google results.

Good luck!