The Motley Fool

AUGUST 27, 2024

Last week, industrial and automotive chip giant Texas Instruments noted its chip volumes were now actually below those seen in 2019, the date of the last big industrial downturn.But with the Federal Reserve seemingly set on a rate-cutting cycle, beaten-down industrial stocks could snap back with a vengeance. When it does, look for the 2.2%-yielding

Mergers and Acquisitions 130

Mergers and Acquisitions Debt Returns Assets 130

The Motley Fool

APRIL 18, 2024

Despite lots of anticipation that a deal would close, JetBlue announced last month that it wasn't going to follow through with the acquisition of Spirit. It hasn't posted a positive number in this regard since pre-pandemic 2019. Making matters worse, the company is saddled with a ridiculous amount of debt. 31, Spirit carried $3.4

Mergers and Acquisitions 130

Mergers and Acquisitions Debt Returns Investors 130

Private Equity Wire

JUNE 27, 2024

The firm said that the promotions bring its total number of partners to 84. Falcucci joined Carey Olsen in 2019 from the London office of international law firm Reed Smith. She advises on Bermuda corporate and commercial law, focusing on insurance regulatory and transactional matters.

Mergers and Acquisitions 97

Mergers and Acquisitions Law Firms Hedge Funds Venture Capital 97

The Motley Fool

AUGUST 22, 2023

Tilray's acquisitions of U.S.-based Tilray had $206 million in cash and marketable securities on its books at the end of the quarter, and just $24 million in long-term debt. This should allow it to reduce its debt load while funding its growth efforts. positioning itself to benefit if cannabis is ever federally legalized.

Legal 246

Legal Mergers and Acquisitions Debt Earnings Before Interest 246

The Motley Fool

FEBRUARY 5, 2024

Generating 63% of its sales from premium and super premium spirits, a figure that has grown from 56% in 2019, the company will undoubtedly welcome this premiumization trend.

Mergers and Acquisitions 244

Mergers and Acquisitions Return On Investment Capital Portfolios 244

The Motley Fool

FEBRUARY 17, 2024

That's why chip design companies like Broadcom just completed its mega-merger with the big cloud software management business VMware , and why networking hardware giant Cisco Systems has submitted a bid to purchase Splunk to bet on cloud and network monitoring services.

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Mergers and Acquisitions Initial Public Offering Bidding Debt 246

The Motley Fool

DECEMBER 10, 2023

The company expected the transformational merger to create significant shareholder value by turning it into a free cash flow machine. Shareholders elected the Rice-supported board in 2019, which installed Toby as the CEO. The company has made several scale-enhancing acquisitions to enhance margins and free cash flow. It paid $5.2

Mergers and Acquisitions 130

Mergers and Acquisitions Enterprise Values Shareholders Assets 130

The Motley Fool

FEBRUARY 10, 2024

In hindsight, the merger makes sense, considering the proliferation of content seen in the ensuing years. Growing its advertising business While the majority of Sirius XM's revenue comes from subscriptions, it does generate some sales from advertising, mostly from its acquisition of Pandora in 2018. Is Sirius XM stock a buy now?

Mergers and Acquisitions 130

Mergers and Acquisitions Prospects Debt Capital 130

The Motley Fool

SEPTEMBER 15, 2023

First, Kroger's pending $25 billion acquisition of Albertsons and its 2,200 grocery stores would nearly double its store count to about 4,500 locations after a planned divestiture and sale of some stores to C&S Wholesale Grocers. dividend is well above its average since 2019. Best yet, the company's 2.3% Data source: YCharts.

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Mergers and Acquisitions Enterprise Values Public Companies Capital 130

The Motley Fool

MARCH 6, 2024

Whereas terrestrial and online radio companies generate the lion's share of their sales from advertising, Sirius XM tallied just 20% of its revenue last year from ads (via Pandora, which it acquired in February 2019). Discovery that are lugging around a sizable amount of debt. billion in free cash flow and reduced its net debt by $5.4

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Mergers and Acquisitions Debt Stock Market Stock Market 264

Private Equity Professional

AUGUST 12, 2024

Despite the decrease, this still compares favorably to the average dating back to 2019 of 58.7%, indicating aggregate growth remains strong. in Q1 2024; however, this growth remains more than the historical average since 2019 of 3.9%. Year-over-year, LTM EBITDA grew 5.3% in Q2 2024 relative to 5.6% quarter-over-quarter.

Buyout 100

Buyout Enterprise Values Leveraged Buyouts Leveraging 100

The Motley Fool

FEBRUARY 25, 2024

It was a somewhat curious pick when Berkshire first established the position back in 2019. One of these reasons is that while the strategic thinking behind the acquisition makes enough superficial sense, investors may not be entirely convinced the $35 billion price of the all-stock deal is worth it. The whole stake is worth $14.5

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Mergers and Acquisitions Bidding Banks Capital 130

The Motley Fool

JULY 15, 2024

billion acquisition of Morphic , why it's interested in the inflammatory bowel disease market, and a few risks to keep in mind for the high-flying provider of weight loss drugs. I want to turn us over to Monday and merger Monday, living up to the name today. They have been acquisitive recently. Eli Lilly 's planned $3.2

Mergers and Acquisitions 130

Mergers and Acquisitions Debt Assets Financing 130

The Motley Fool

AUGUST 1, 2024

Additionally, last week, AMC announced several refinancing transactions that extend the majority of their 2026 debt maturities to 2029 and 2030, while also providing the potential to reduce their overall net debt position. We view this as a very positive event as it substantially mitigates their near-term debt maturity risk.

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Debt Education Mergers and Acquisitions Assets 130

Pension Pulse

MAY 7, 2024

billion valuation, inclusive of debt. billion including the assumption of debt. The acquisition is not expected to impact retail or municipal rates for utility customers. The acquisition is not expected to impact retail or municipal rates for utility customers. billion, including ALLETE’s net debt.

Mergers and Acquisitions 64

Mergers and Acquisitions Investing Capital Assets 64

Pension Pulse

SEPTEMBER 30, 2024

Last year, its venture capital arm pulled out of Europe after setting up a $332 million fund in 2019 to focus on startups there. Private equity dealmaking in Europe remains subdued, with buyers and sellers struggling to agree on valuations, hobbling mergers and acquisitions activity.

Buyout 59

Buyout Pension Funds Investing Mergers and Acquisitions 59

Pension Pulse

MARCH 25, 2024

Last year, CGF plowed $90-million into Eavor Technologies , a Calgary-based geothermal energy developer, and struck a deal to backstop carbon pricing and provide debt financing for Entropy Inc. , From May 2017 until April 2019, Mr. Robitaille was CLO and EVP, Merger and Acquisitions for WSP.

Capital 59

Capital Funds Pension Funds Venture Capital 59

Pension Pulse

AUGUST 10, 2023

since inception in 2019. Given the differences in their design, the additional CPP has had a different market risk target and investment profile since its inception in 2019. Credit Investments Committed to provide €85 million in financing to support KKR’s acquisition of a portfolio of European loans. We own a 16.3%

Assets 52

Assets Mergers and Acquisitions Investing Stakes 52

The Motley Fool

SEPTEMBER 25, 2023

If the deal is approved, it will instantly shoot into the top-five largest software acquisitions ever. IBM bought Red Hat for $34 billion in 2019. billion in debt, at the end of July. Numerous small tuck-in acquisitions have been key, and Cisco has done a bang-up job. Dell acquired EMC for $67 billion in 2016.

Mergers and Acquisitions 245

Mergers and Acquisitions Amortization Debt Accounting 245

The Motley Fool

JUNE 12, 2024

The general narrative has been new customer acquisition, tough in this environment. This is a merger that was approved back in 2010, under the Obama administration, operated under a consent decree prohibiting the company from doing some of the things that are alleged here, threatening concert venues, from using competing ticketing firms.

Stock Exchanges 130

Stock Exchanges Mergers and Acquisitions New York Stock Exchange Shareholders 130

The Big Picture

JANUARY 24, 2023

They grew a business where they issued junk debt. And so I joined Goldman in there, it was a 12-person merger department. So I joined Goldman and their merger department, but said, I’d like to be your LBO guy. The head of mergers and everyone watched over me there. And I worked on it. KLINSKY: Yeah.

Leveraged Buyouts 104

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 104

The Motley Fool

OCTOBER 25, 2023

You're seeing the benefit of continued strong operating results, the gain from the trust collapse we mentioned last quarter, and the accretion from closing the home point acquisition which came in consistent with our guidance. Now, turning to operations. As the market's leading servicer with 4.3

Mergers and Acquisitions 100

Mergers and Acquisitions Taxes Capital Banks 100

The Motley Fool

NOVEMBER 3, 2023

billion of after-tax proceeds to reducing debt. We intend to apply 100% of the estimated after-tax proceeds of nearly $9 billion to reducing parent-level debt, which, based on current rates, will result in the reduction of around $500 million of pre-tax interest expense annually. We applied the $3.3

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Taxes Financing Finance Shareholders 100

The Motley Fool

MARCH 2, 2024

The investor reaction to the proposed merger. It's a scale building, these types of acquisitions do happen all the time, which I suppose is a nice little softball to you to ask about regulatory issues. Their CEO got in trouble with the law in a very bad way in Minnesota in I think 2019. Home Depot 's earnings.

Financial Services 130

Financial Services Capital Mergers and Acquisitions Banks 130

The Motley Fool

DECEMBER 16, 2023

While the two companies still work together, it is not unreasonable to imagine this partnership ending at some point -- just like FedEx did with Amazon in 2019. These acquisitions not only strengthen UPS's healthcare ambitions, but support its international growth story, providing footholds in Latin America, Europe, and Asia.

Mergers and Acquisitions 245

Mergers and Acquisitions Accounting Return On Investment Capital 245

Private Equity Insights

NOVEMBER 21, 2023

MiddleGround originally purchased Banner in December of 2019 from High Street Capital, of Chicago. Since MiddleGround’s investment in Banner in 2019, MiddleGround brought industry veteran Dan Stoettner back to lead the business. Under Stoettner’s leadership, the company completed two acquisitions.

Capital 130

Capital Mergers and Acquisitions Private Equity Firms Private Equity Firms 130

The Motley Fool

OCTOBER 21, 2024

Ricky Mulvey: Not the deal making, not the debt pay down. Also active brokerage accounts continuing to climb even after the TD Ameritrade merger. After the TDA Mertde acquisition, I thought they were going to have a tougher time retaining those clients. You're seeing more companies being willing to issue debt.

Banks 130

Banks Investment Banks Investment Banking Mergers and Acquisitions 130

The Big Picture

JULY 11, 2023

Just an incredible, insightful conversation about how to build a company, how to grow through acquisitions, how to make sure everybody on your team understands their role, is appreciated, and is acting and performing at the highest levels. RITHOLTZ: So let’s talk a little bit about the history of acquisitions at Franklin Templeton.

Mutual Funds 87

Mutual Funds Mergers and Acquisitions Asset Management Assets 87

The Motley Fool

JULY 23, 2024

However, as we disclosed in our last 10-Q, the announcement of the acquisition of Discover constituted a material business change. As a result, we are subject to the Federal Reserve's preapproval of our capital actions until the merger approval process has concluded. We are all in and working hard to complete the Discover acquisition.

Capital 130

Capital Mergers and Acquisitions Banks Taxes 130

The Motley Fool

APRIL 25, 2024

The charge-off rate for the quarter was up 190 basis points year over year to 5.94%, about 18% above its pre-pandemic level in the first quarter of 2019. Last quarter, our view was that the charge-off rate was settling out about 15% above 2019 levels in the near term. I think the U.S. The labor market remains strikingly resilient.

Capital 130

Capital Taxes Banks Mergers and Acquisitions 130

Pension Pulse

FEBRUARY 20, 2024

The joint venture was subsequently upsized in 2018 and 2019. The joint venture was subsequently upsized in 2018 and 2019. Given the differences in their design, the additional CPP has had a different market risk target and investment profile since its inception in 2019. billion in a venture that holds a US$16.8

Stakes 59

Stakes Pension Funds Investing Mergers and Acquisitions 59

The Motley Fool

FEBRUARY 13, 2024

They also added 12 new venues with the 11 new builds and one purchased via the BigShots acquisition. As shown on Slide 4, per the National Golf foundation, there are now a total of 45 million on and off course golfers, up 9% year over year and up 32% since 2019. These are Exhibits 21 and 23. Within this, an estimated 26.6

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Debt Capital 130

The Motley Fool

MAY 9, 2024

While our call today will focus on the results of first-quarter 2024, I do want to provide a few updates on the merger process. See the 10 stocks » *Stock Advisor returns as of May 6, 2024 First, we received overwhelming shareholder approval of the merger on March 12th, helping us achieve a key milestone in the process.

Mergers and Acquisitions 130

Mergers and Acquisitions Banks Debt Companies 130

The Motley Fool

JANUARY 30, 2024

Last week, we notified the Spirit that certain conditions to close may not be satisfied prior to the outside date set out in the merger agreement. We are evaluating our options under the merger agreement, which remains in effect. In 2019, we had the fastest-growing loyalty program at a major U.S. Is that mostly aircraft debt?

Mergers and Acquisitions 246

Mergers and Acquisitions Banks Financing Finance 246

The Motley Fool

FEBRUARY 9, 2024

Additionally, the acquisitions of Rushmore Servicing and Roosevelt Management added another 32 billion and brought us best-in-class special servicing capabilities in the infrastructure to launch our first MSR fund. The WMIH merger brought us 1 billion in deferred tax assets. At the time, there was skepticism about their value.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Portfolios Assets 130

The Motley Fool

AUGUST 8, 2023

million increase in interest expense, primarily due to higher interest rates and additional term loan debt related to our recent debt refinancing. At quarter end, we had total net debt of $2.24 billion, which excludes convertible debt of approximately $258 million, compared to $1.44 Q2 non-GAAP net income was $77.8

Mergers and Acquisitions 100

Mergers and Acquisitions Leveraging Debt Capital 100

The Motley Fool

APRIL 26, 2024

billion in the quarter versus 2019, furthering our progress toward our goal of $15 billion by 2027. At the same time, we further strengthened our balance sheet, bringing our net debt to capital down to 3%, the lowest in more than a decade. These actions are so common they are often referred to as a, quote, "merger tax."

Mergers and Acquisitions 130

Mergers and Acquisitions Shareholders Leveraging Debt 130