Bannson Universal Unlimited Acquires DiNapoli Industries 6/13/3132
By Alec Felsner, Republic News
TANTRIL, ANKAA—In an eleventh-hour deal that has already sent ripples throughout
the Republic’s financial community, Bannson Universal Unlimited (Republic Stock
Exchange: BUU) CEO Jacob Bannson announced last evening that the DiNapoli
Industries Board of Directors had finally accepted his company’s takeover bid for an
undisclosed sum of cash and Bannson stock. This agreement closes the door on a
saga that has already lasted ten months and has drawn much public attention.
When Bannson made his first offer in September of last year, Angelo DiNapoli,
chairman, CEO and founder of DiNapoli Industries (RSE: DNI), turned him down
outright. While his company showed lower-than-expected earnings in the second and
third quarters of last year, DiNapoli shrugged that off as expenses related to
expanding DropShip construction lines on Ankaa and expressed his confidence that
DiNapoli Industries would successfully continue on, operating under his family vision.
That did not stop the maverick Bannson’s quest, however. “When he sets his sights
on something, he gets it,” reports industry analyst and former Bannson executive
Darva Rottinger.
When a key expected deal with Republic Cartage (RSE: CTG) for the purchase of
fifteen new DropShips over the course of the next five years fell through, DiNapoli
stock took a major hit. That, combined with a report from independent accounting
agency Tyler Morse indicating another quarter of lower-than-expected earnings,
caused DiNapoli stock to lose more than 40 percent of its value over the course of
two weeks in October. With his own value at an all-time high, Jacob Bannson began
to snatch up DiNapoli stock in preparation for another takeover bid.
In an effort to boost its lagging sales and move extra inventory, DiNapoli offered its
existing customers huge price breaks on almost its entire line of AgroMechs.
Apparently, DiNapoli’s stockholders weren’t impressed. Even with a projected
earnings increase in the first quarter of 3132 and an incredibly prosperous market,
DiNapoli’s stock continued its dive.
Jacob Bannson still had his eyes on the flagging company, however, and in early
January made another takeover bid, this time with the support of the majority of
DiNapoli’s stockholders. Angelo DiNapoli was still dead-set against the merger, and
this time involved the Republic Senate in the mess. Appealing to the Trade
Subcommittee, DiNapoli argued that the takeover would negatively impact trade
within the Republic and would inevitably end in the loss of thousands of jobs and the
virtual creation of a monopoly within Prefecture IV—leaving Bannson holding all of
the cards.
Neither the Senate nor the market would have any of it, though. Bannson and
DiNapoli stock shot through the roof when news of the renewed takeover bid hit the
markets. The DiNapoli Hearings, originally scheduled to run through the end of June,
lasted only three weeks before Jacob Bannson’s testimony won over the committee
and all in attendance.
Apparently it won over DiNapoli as well. The very next day, Angelo DiNapoli
withdrew his letter of opposition and began negotiations to finalize the takeover.
Yesterday, the two sealed the deal in the presence of Senator Ross Kain, chairman of
the Trade Subcommittee, at DiNapoli corporate headquarters in Tantril on Ankaa.
Founded by Angelo DiNapoli in 3110, DiNapoli Industries was the largest producer of
AgroMechs within Prefecture IV, and the fifth largest in the Republic. Additionally, its
other divisions are significant builders of DropShips and heavy ground transports.
Jacob Bannson is the founder and CEO of Bannson Universal Unlimited. Organized in
3118, BUU has in its short history grown to be the largest corporate entity
headquartered within Prefecture IV. It has operations within each of the Republic’s
prefectures and offices in every Successor State. Its various divisions produce and
sell items ranging from consumer financial services to fusion engines to DropShips
throughout the Inner Sphere.
By Alec Felsner, Republic News
TANTRIL, ANKAA—In an eleventh-hour deal that has already sent ripples throughout
the Republic’s financial community, Bannson Universal Unlimited (Republic Stock
Exchange: BUU) CEO Jacob Bannson announced last evening that the DiNapoli
Industries Board of Directors had finally accepted his company’s takeover bid for an
undisclosed sum of cash and Bannson stock. This agreement closes the door on a
saga that has already lasted ten months and has drawn much public attention.
When Bannson made his first offer in September of last year, Angelo DiNapoli,
chairman, CEO and founder of DiNapoli Industries (RSE: DNI), turned him down
outright. While his company showed lower-than-expected earnings in the second and
third quarters of last year, DiNapoli shrugged that off as expenses related to
expanding DropShip construction lines on Ankaa and expressed his confidence that
DiNapoli Industries would successfully continue on, operating under his family vision.
That did not stop the maverick Bannson’s quest, however. “When he sets his sights
on something, he gets it,” reports industry analyst and former Bannson executive
Darva Rottinger.
When a key expected deal with Republic Cartage (RSE: CTG) for the purchase of
fifteen new DropShips over the course of the next five years fell through, DiNapoli
stock took a major hit. That, combined with a report from independent accounting
agency Tyler Morse indicating another quarter of lower-than-expected earnings,
caused DiNapoli stock to lose more than 40 percent of its value over the course of
two weeks in October. With his own value at an all-time high, Jacob Bannson began
to snatch up DiNapoli stock in preparation for another takeover bid.
In an effort to boost its lagging sales and move extra inventory, DiNapoli offered its
existing customers huge price breaks on almost its entire line of AgroMechs.
Apparently, DiNapoli’s stockholders weren’t impressed. Even with a projected
earnings increase in the first quarter of 3132 and an incredibly prosperous market,
DiNapoli’s stock continued its dive.
Jacob Bannson still had his eyes on the flagging company, however, and in early
January made another takeover bid, this time with the support of the majority of
DiNapoli’s stockholders. Angelo DiNapoli was still dead-set against the merger, and
this time involved the Republic Senate in the mess. Appealing to the Trade
Subcommittee, DiNapoli argued that the takeover would negatively impact trade
within the Republic and would inevitably end in the loss of thousands of jobs and the
virtual creation of a monopoly within Prefecture IV—leaving Bannson holding all of
the cards.
Neither the Senate nor the market would have any of it, though. Bannson and
DiNapoli stock shot through the roof when news of the renewed takeover bid hit the
markets. The DiNapoli Hearings, originally scheduled to run through the end of June,
lasted only three weeks before Jacob Bannson’s testimony won over the committee
and all in attendance.
Apparently it won over DiNapoli as well. The very next day, Angelo DiNapoli
withdrew his letter of opposition and began negotiations to finalize the takeover.
Yesterday, the two sealed the deal in the presence of Senator Ross Kain, chairman of
the Trade Subcommittee, at DiNapoli corporate headquarters in Tantril on Ankaa.
Founded by Angelo DiNapoli in 3110, DiNapoli Industries was the largest producer of
AgroMechs within Prefecture IV, and the fifth largest in the Republic. Additionally, its
other divisions are significant builders of DropShips and heavy ground transports.
Jacob Bannson is the founder and CEO of Bannson Universal Unlimited. Organized in
3118, BUU has in its short history grown to be the largest corporate entity
headquartered within Prefecture IV. It has operations within each of the Republic’s
prefectures and offices in every Successor State. Its various divisions produce and
sell items ranging from consumer financial services to fusion engines to DropShips
throughout the Inner Sphere.
| June 13, 3132 |