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What exactly to make of the Barron's article about Orion being listed for sale by Raymond James for $1.8 billion -- and how it boils down to 'when', not if

Orion CEO is insists no formal action is taking place but majority stakeholder, TA Associates, declines to back him up, Barron's isn't backing down and Orion admits its five-year anniversary with TA marks a sell-by date.

Author Oisin Breen January 18, 2020 at 2:03 AM
1 Comment
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Eric Clarke: '[I'm] CEO of the business, [so] I feel like I'd have a very good say in [any] transition, what those next steps would be and plan to be highly involved and engaged in that process ... [with a sale] most likely in my opinion to another financial sponsor, another private equity firm.

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Coach Maria

Coach Maria

January 22, 2020 — 1:06 AM
Well as far as the "are we or aren't we". So many employees, over so many years, have been at firms and heard rumblings of mergers, buy outs, etc. Having been at Reynolds Securities, Inc. - an institutional house at the time, we heard rumblings for more than 2 years. Our owner, Mr. Stanley said "over his dead body". Then he died. We were told no way, never happening, they were too big and in a different niche. Then the day came where we walked into work and read about a (so called) merger on Reuters, like everyone else. We were now part of Dean Witter - a retail shop, which became Dean Witter Reynolds, then just Dean Witter, before Morgan Stanley bought them. I say... believe the rumors!

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