ValueAct Capital offers to acquire Catalina Marketing (POS) for $32 per share

ValueAct Capital offers to acquire Catalina Marketing (NYSE: POS) for $32 per share. ValueAct owns 15.5% of POS.

UPDATE: Catalina Marketing (POS) Confirms Offer, Goldman Hire

UPDATE: Catalina Marketing Corporation (NYSE: POS) confirmed that it has engaged Goldman Sachs & Co., as financial advisor, following receipt of an unsolicited expression of interest from a third party private equity firm with respect to the acquisition of the company.

The Company's board of directors formed a special committee which has authorized Goldman Sachs to solicit expressions of interest from other third parties and advise it with respect to the board's consideration of any expressions of interest and the advisability of pursuing a sale of the company.

UPDATE: Catalina Marketing (POS) Higher on Sale Report

UPDATE: A report from Reuters suggests Catalina Marketing (NYSE: POS) has hired Goldman Sachs to explore a sale of the company after it attracted private equity offers in the $30 per share range.
According to the report, which cited unnamed sources, six private equity firms were looking at the company.
Catalina Marketing offers behavior-based marketing programs for companies.
Shares of Catalina Marketing quickley rose 16% to $28.30 following the initial reports.

Catalina Marketing (POS) spikes higher on reports the company hired a banker for a sale

Catalina Marketing Corp. (NYSE: POS) spikes higher on reports the company hired a banker for a sale.