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Monmouth Inc

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MONMOUTH ACQUISITION OF ROBERTSON

1. If you were Mr. Vincent, Ex VP of Monmouth, Inc., would you try to gain control of Robertson Tool in May 2003?

2. What is the maximum price that Monmouth can afford to pay, based on a discounted cash flow valuation based on market multiples of EBIAT?

3. Why is Simmons eager to sell its position to Monmouth for $50 / share? What are the concerns of all alternatives for each of the other groups of Robertson shareholders?

4. What offer would you make in an effort to gain the support of the Robertson family and the great majority of the shareholders, while improving the long-term trend of Monmouth's earnings per share over the next five years?

. Monmouth buying Robertson
-Simmons NPD

-MONMOUTH BACKGROUD - Leading producer of Engines and compressors for oil pipelines. They are looking to expand into various markets to avoid performance based on cyclical trends of the economy because their performance is so heavily based on the activity of oil and gas. -Acquisition requirements. 1.) Acquire a company in which Monmouth can be a major player. 2.) A fairly stable with abroad markets. 3.) Acquire only a leading company in their respective market segments.

1st ACQUIRE DESSEX (Measuring Rules and Tapes)
2nd ACQUIRE KEANE (Fastening Tools)
3rd ACQUIRE KROLL (Soldering Tools)

.Monmouth had a deep interest in acquiring Robertson a leading hand tool company. Robertson has a 50 % Market share of the 75 Million $ market for clamps and vises. Also a 9% market share of the 200 Million $ market for scissors and shears
-Robertson Showed strong potential growth due to its distribution system which gives Robertson the ability to grow to the 6%-7% sales growth as its industry typically sees.

-Monmouth was not the only company with interest in the purchase of Robertson. Simmons, a conglomerate company had

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