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BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. on April 6, 2022. went public, it provided some ambitious growth targets in its pre-merger presentation. BigBear.ai's prospects sounded promising, but it broadly missed its rosy pre-merger targets. Why did BigBear.ai
OTC Markets itself, though, could hardly be in better financial shape -- and its recent shareholder returns speak to that fact. The beauty of this suite of OTC offerings is that the company generated 82% of its revenue in 2022 from recurring sales, providing investors with valuable predictability and stability.
The streaming-video specialist was taken public through a merger with a special purpose acquisition ( SPAC ) company in September 2022. Pavlovski on September 16, 2022, in connection with the closing of the de-SPAC transaction." Nevertheless, it's possible that the disposal caught some shareholders off guard.
The planned acquisition of Spirit Airlines (NYSE: SAVE) by JetBlue Airways (NASDAQ: JBLU) is officially off, and investors are worried about what comes next for Spirit. A deal doomed from the start JetBlue and Spirit agreed to combine in July 2022 after JetBlue won a bidding war against Frontier Group Holdings. airlines."
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition company (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai Why did BigBear.ai
Berkshire Hathaway CEO Warren Buffett has delivered an astounding 3,787,464% return to shareholders through 2022, so it's certainly a wise move to follow the stocks included in Berkshire's $300-plus billion equity portfolio. billion, and in 2022 alone, its total dividend was $704 million.
On an annualized basis, as of the end of 2022, Buffett's company has doubled the total return of the broad-based S&P 500 since he took over (19.8% million shares of Activision stock in the first half of 2022 with the intent of making this a short-term arbitrage play. of 4,180,982% through the closing bell on July 14, 2023.
The acquisition has stalled over regulatory concerns, and its initial terms have been amended. Nonetheless, iRobot shares are currently trading 43% below the updated acquisition price, creating a significant merger arbitrage opportunity. A brief timeline of Amazon's proposed acquisition of iRobot In Aug.
A challenging past and present Nikola hit public markets through a reverse merger with a special purpose acquisition company (SPAC) in June 2020. For example, in 2022, former CEO Trevor Milton was found guilty of making fraudulent statements about the company's technology to jack up its stock price. With just $226.7
In 2022 and 2023, the Federal Reserve hiked interest rates 11 times in an effort to stifle abnormally high levels of inflation. has materially cooled from its high points during the summer of 2022. BDCs have an unusual corporate structure in that 90% of taxable income is distributed to shareholders on an annual basis.
PepsiCo built its portfolio by making several key acquisitions. Its 1964 acquisition of Mountain Dew was especially crucial to its present-day success. market share in 2022, according to Statista. Pepsi's Mountain Dew acquisition was huge. In the U.S. carbonated soft-drink market, Mountain Dew had 6.6%
However, Broadcom is in fact outperforming most of its peers right now, and its pending merger with cloud computing infrastructure company VMware (NYSE: VMW) could set the stage for another run higher. What about the VMware acquisition? Broadcom stock was dirt cheap late in 2022 and into early 2023, and that value trade is now gone.
Why Activision and Adobe shareholders might not want their company's proposed acquisitions to go through. I think one of the reasons is, it's obvious, right, it's anyone who bought a house before 2022, which is the vast majority of today's homeowners, are likely locked in a mortgage rate of 3%, 4%, at least under 5%.
In 2022, this single drug accounted for roughly 35% of the big pharma's annual revenue. Earlier this year, the drugmaker dove headfirst into immunology with the $11 billion acquisition of Prometheus Biosciences , and its novel ulcerative colitis candidate, PRA023. Verdict Merck has arguably earned a leap of faith from shareholders.
The stock market has rallied sharply over the past several months, making back all its losses from a brutal bear market that began in early 2022, when the Federal Reserve started raising interest rates. It could grow even faster if it makes acquisitions. It has been bumping up against new all-time highs this year. at present).
One of these buys has practically become a fixture on Berkshire's 13Fs since the start of 2022. However, the Oracle of Omaha and his investing lieutenants, Ted Weschler and Todd Combs, have bought an aggregate of 224,129,192 shares of Occidental common stock since the start of 2022. Competition and Markets Authority.
billion per quarter, on average, on adult-use marijuana product sales in 2022, according to Statistics Canada. After the acquisition of Alcanna in 2022, for instance, the company's liquor sales now comprise roughly half of SNDL's quarterly revenue. That's good and bad news for shareholders.
It came public via a reverse merger with a special purpose acquisition company during the SPAC boom, and its stock has fallen by nearly 90% since its debut. While it is hard to make comparisons between companies, York Space Systems was reportedly valued at just over $1 billion when it was sold to a private equity firm in late 2022.
Only 12% of its shareholders resided in the U.S. as of the end of 2022. It's not a high-growth business, but it is sustainable, which will allow the company to continue rewarding shareholders with stock buybacks and dividends. billion in 2022. So it has let down shareholders before. It finished the year with 2.3
After surging in 2021 and 2022, energy stocks cooled off last year. It plans to return about 70% of free cash flow to shareholders. ConocoPhillips is returning gobs of cash flow to shareholders Daniel Foelber (ConocoPhillips): Over the last year, there has been a ton of mergers and acquisitions (M&A) activity in the oil patch.
Worse yet for UPS, Amazon isn't just the company's biggest competitor now but is still its largest customer, accounting for 11% of its total revenue in 2022. During the company's third-quarter earnings, CFO Brian Newman explained that from August 2022 to October 2022, daily shipments increased by 1.5
One company that went public in 2022 as a special purpose acquisition company (SPAC), Symbotic (NASDAQ: SYM) , has seen its share price jump fivefold in just seven months, and it continued to power higher to all-time record levels on Thursday with a 8% gain as of just after noon ET. 3 marking its debut on the Nasdaq Stock Market.
However, the company would be considered rather boring in today's technology climate if not for its merger with chip giant Avago Technologies in 2016. That merger marked the beginning of an acquisition frenzy. But those deals were dwarfed by Broadcom's whopping $69 billion acquisition of cloud software developer VMware in 2023.
It's proof of both business success and a staunch commitment to returning value to shareholders. Mergers and acquisitions represent a major catalyst for Brookfield Renewable, and it has showcased its ability to secure needle-moving deals this year. Regulated utility Black Hills is just such a Dividend King.
Devon Energy (NYSE: DVN) has been a winning stock since closing its transformational merger with WPX Energy in early 2021. That gave it the fuel to grow value for its investors through dividends, share repurchases, debt reduction, and acquisitions. billion of debt since the merger closed, reducing its leverage ratio to less than 1.
After its 2022merger with Kirkland Lake Gold and its acquisition of Yamana's Canadian assets, Agnico has emerged as a leading producer of gold -- and profits. The company appears a lot more attractive now since it closed on its acquisition of Newcrest in November.
A lot of that has been through acquisitions, with Builders FirstSource doing a massive deal in 2020 and completing 14 smaller purchases in the last two years alone to rapidly expand both its product portfolio and its geographic reach. billion worth of shares over the past two years, reducing its share count by 25% since June 2022.
This outsize performance extends a decades-long shift that saw spirits' share of the market increase from 29% in 2000 to 42% in 2022, overtaking beer's top spot. Higher spirits penetration rate: Over the past five years, the overall alcohol market has grown by 4% annually but has been outpaced by spirits growth of 6%.
In September of 2022, Adobe (NASDAQ: ADBE) announced plans to acquire Figma, a digital design collaboration company. However, regulators can rest easy, as the two parties have mutually agreed to end the acquisition talks. However, regulators can rest easy, as the two parties have mutually agreed to end the acquisition talks.
Companies that pay dividends display a commitment to shareholders and tend to have prudent capital management. According to financial analytics firm Refinitiv, dealmaking like initial public offerings (IPOs) and mergers and acquisitions (M&As) was at an all-time high that year. However, not all dividend stocks are the same.
Berkshire's currently sitting on a 123-million-share/$16 billion stake in the oil giant, mostly because -- in Buffett's own words -- CEO Vicki Hollub "know[s] how to separate oil from rock, and that's an uncommon talent, valuable to her shareholders and to her country." Think bigger picture, though. Buffett does.
This is impacting content acquisition/creation costs, as well as reducing the addressable advertising market for legacy media networks. This restructuring may signal an intent to merge with or acquire other streaming content platforms and, at the very least, should help unlock shareholder value. Warner Bros. Discovery is a cash cow.
billion in investments last year -- a figure that doesn't include its pending acquisition of fellow REIT Spirit Realty. That topped 2022's total and blew past its guidance, which the REIT boosted several times. That would have been a meaningful decline from 2022, when it made $9 billion in investments. It ended up securing $9.5
ConocoPhillips uses the variable dividend to directly reward shareholders when it earns outsized free cash flows. In 2022, the company paid $1.89 Devon also pays a variable dividend, but it may pay a far lower one going forward for the same reasons as Conoco -- oil prices are lower than in 2022. per share in the prior payment.
Data shows that the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022, indicating a growing interest in the sector. This trend is being fueled by a succession of acquisitions spearheaded by private equity firms such as ChrysCapital and Carlyle.
That move was voted down by shareholders at the company's annual stockholders meeting last week and shareholders also voted down a reverse stock split that the board had proposed. Cano went public via a merger with a special purpose acquisition company (SPAC) in 2020 that was backed by Sternlicht. billion and $3.35
Last week, a federal judge blocked its proposed merger with JetBlue Airways (NASDAQ: JBLU) due to concerns over potential price increases from the latter. It could be because of the two airlines filing an appeal to put the merger through, traders looking to buy the dip on a bombed-out stock, or short-sellers covering their positions.
What happened Shares of robotic vacuum cleaner company iRobot (NASDAQ: IRBT) suddenly skyrocketed on Friday after some positive news broke regarding its acquisition by Amazon. So what In August 2022, Amazon agreed to acquire iRobot for $61 per share in an all-cash deal. As of 10:45 a.m. ET, iRobot stock is up about 20%.
The iRobot timeline The big news in August 2022 was that online retail juggernaut Amazon (NASDAQ: AMZN) had agreed to buy iRobot. Finally, in January 2024, Amazon and iRobot ended up calling off the merger, with Amazon paying the robotics company the termination fee that was written into the original deal. Here's why.
Powerful dividend growth ahead Matt DiLallo (NextEra Energy): Shares of NextEra Energy have lost nearly 20% of their value over the past year and now sit about 32% below its all-time high in early 2022. The slump has pushed the utility's dividend yield down to 3.2%. NextEra Energy has a magnificent track record of paying dividends.
The company recently carved out its consumer healthcare unit into a stand-alone business called Kenvue, and it has spent enormous sums on business development through large acquisitions such as Actelion and Abiomed in recent years. In 2022, J&J paid out $11.7 billion in dividends to shareholders on $17.9
MTY Food Group: A serial acquirer MTY Food Group has made 50 acquisitions since 1999, including 27 over the last decade. While companies that rely upon megamergers or one-off jumbo acquisitions to fuel their growth often disappoint, serial acquirers like MTY often prove to be outperforming propositions. percentage points.
However, profitability tanked for Cardlytics following a trio of acquisitions in 2021 and early 2022. The market is reacting to news regarding one of these acquisitions today: Bridg. Given the business's underperformance, those payouts weren't as high as Bridg's shareholders originally anticipated, which resulted in a lawsuit.
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.
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