Remove 2011 Remove Leveraging Remove Mergers and Acquisitions
article thumbnail

Blackstone Completes Acquisition of Rover

Blackstone News

Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 With the completion of the acquisition, Rover stockholders are entitled to receive $11.00

article thumbnail

SoFi Technologies Stock: Buy, Sell, or Hold?

The Motley Fool

SoFi Technologies (NASDAQ: SOFI) , a provider of online financial services, went public by merging with a special purpose acquisition company ( SPAC ) on June 1, 2021. Like many other SPAC-backed start-ups, SoFi lost its luster after it missed its own ambitious pre-merger forecasts. The combined company's stock opened at $21.97

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Airline Mergers Give Us Something to Talk About

The Motley Fool

Deidre Woollard: Two state named airlines, one big merger. So yesterday afternoon was all of a sudden a go to your computer moment for me because a big merger in the airline world was announced yesterday. But they talked about what they learned during the Virgin America acquisition. Motley Fool Money starts now.

article thumbnail

Meet the Only 2 Game-Changing Businesses With a Higher Credit Rating Than the U.S. Government

The Motley Fool

In August 2011, just a few years after the financial crisis gripped America, S&P downgraded the U.S. But following four-plus decades of acquisitions, mergers, bankruptcies, innovation, and economic shifts, only two public companies still hold this pristine credit rating. The same can be said for much of corporate America.

article thumbnail

3 Beaten-Down Dividend Stocks to Load Up on Right Now

The Motley Fool

Management has implemented an aggressive capital allocation program centered around mergers and acquisitions (M&A) and share buybacks to spur EPS growth. A core strength of Honeywell has been its balance sheet, but its leverage is likely to increase as it follows its plan to deploy billions more on M&A and stock repurchases.

article thumbnail

Rover Agrees to be Acquired by Blackstone in $2.3 Billion Transaction

Blackstone News

We look forward to partnering with management to build upon their leading online marketplace and leveraging Blackstone’s extensive expertise and resources to support the Company’s continued expansion as a private company.” Transaction Terms The merger agreement includes a customary 30-day “go-shop” period expiring on December 29, 2023.

article thumbnail

MiB: Ken Kencel, Churchill Asset Management

The Big Picture

We discuss how his career has traced the rise of private credit: He began his career in the Mergers & Acquisitions Group at Drexel Burnham Lambert, then founded the high-yield finance business at Chase Securities (now JP Morgan Chase), served as head of Leveraged Finance for RBC.