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As a result, the proposed acquisition creates an opportunity known as merger arbitrage -- a short-term investing strategy where you buy stocks of companies trading below their acquisition prices. or more 0.02906 shares Matterport's Merger Arbitrage Opportunity As of this writing, Matterport trades for roughly $4.40
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, a smaller US producer with operations in several major basins, including the Permian and Eagle Ford, according to a report by Reuters citing sources familiar with the matter. The firm’s other co-founder, Kirk Lazarine, also sits on Granite Ridges board.
The transaction values Viridium at 3.5bn, including debt. Since then, the insurer has expanded through acquisitions, including Skandia and Entis, growing its assets under management from 5bn to 67bn and its policyholder base from 600,000 to 3.4
The oil companies currently find themselves on opposite ends of a major dispute stemming from Chevron's pending acquisition of Hess (NYSE: HES) , which it made as a countermove following Exxon's mega-deal for Pioneer Natural Resources. billion, including debt. Exxon believes Chevron's pending acquisition of Hess triggers this clause.
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."
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. The defense prime is offering $1 per share in a deal that would value the company at $600 million, including the assumption of $313 million in debt.
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.
Now, with the prospect of lower interest rates, investors have bid the stock higher by almost 15% since the beginning of July. After acquiring just over 2,000 properties from the merger with Spirit Realty, Realty Income's property portfolio has grown to around 15,500 properties.
If successful, this will be one of the largest-ever tech mergers and acquisitions in a big bet on the future of AI. After news of the acquisition broke, Ansys stock spiked. The company is now valued at about a $29 billion market cap (lower than the mid-December valuation, in part due to uncertainty around merger approval).
The merger wave in the oil patch is continuing in 2024. That acquisition will enhance APA's scale in the resource-rich Permian Basin. Here's a look at the latest oil stock merger and what it means for investors. billion, including the assumption of debt. billion (including the assumption of debt).
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.
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.
Acquisition fever The last couple of years have been a period of merger and acquisition deals for the energy sector. billion acquisition of Pioneer Natural Resources and Chevron 's $53 billion bid to acquire Hess. What conditions are needed to ensure Diamondback keeps outperforming? million shares in Diamondback.
The acquisition will create a premier producer focused on the resource-rich Permian Basin. The merger of Diamondback and Endeavor follows in the footsteps of recent deals by ExxonMobil (NYSE: XOM) and Occidental Petroleum (NYSE: OXY) , which are bulking up their positions in the Permian Basin. The company will issue 117.3
The report cites a document on the pensions fund’s website as revealing that it has issued a request for proposals to split the allocation among multiple private credit investment managers, with 19 January the deadline for bids. trillion private credit market as a slowdown in mergers and acquisitions stifle growth in private equity.
Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg.
One area where those positive feelings often reign supreme is in the arena of mergers and acquisitions. This is important to remember as you look at ExxonMobil 's (NYSE: XOM) proposed acquisition of Pioneer Natural Resources (NYSE: PXD). Including debt, the deal was valued at $64.5 Image source: Getty Images.
The technology-platform provider for K-12 education in Latin America agreed to go private in response to a higher bid from a group of private equity investors. Certain other shareholders and employees of Arco will be eligible to roll over their shares in the merger as well. The company also withdrew previous guidance for 2023.
Steel (NYSE: X) are seeing Monday morning, and the move could signal a wave of merger and acquisition activity across the industrial and materials sectors that could produce the next leg higher for the bull market. Steel debt. It could take some time for earnings to fall to reflect higher debt financing costs.
The Houston-based company was founded in 2013, signed three major contracts with NASA, and went public by merging with a special purpose acquisition company ( SPAC ) in 2023. That lack of new contracts caused it to miss its pre-merger expectations by a mile. It had also paid off all of its outstanding debt by the end of July.
Nano Dimension's hostile bid for Stratasys Nano Dimension is a unique business in the 3D printing and AM space. Its latest acquisition target is by far its biggest yet -- longtime 3D printing and AM pioneer Stratasys. Nano Dimension renewed its bid in December, offering $16.50 billion to $1.2
BigBear.ai (NYSE: BBAI) has disappointed a lot of investors since it went public by merging with a special purpose acquisition company (SPAC) in December 2021. initially dazzled the bulls with rosy long-term estimates before it closed its merger. It faces a wall of debt in 2026 BigBear.ai million in long-term debt and just $32.6
billion bid for life insurance company American Equity. The last 12 months, last four quarters, they've been negative, and there's been a lot of puts and takes, a lot of acquisitions, some divestitures. But this is a company that's got about $12 billion in debt, their dividend commitment the yield today is about 6.7,
For instance, Occidental Petroleum is rumored to be working toward a sale of its natural gas pipeline operator Western Midstream Partners in order to pay down debt, but at the same time is acquiring CrownRock in an effort to expand its onshore operations in the Permian Basin. On the surface it seems like a reasonably good fit.
The problem is when you factor in debt and cash, this results in an enterprise value-to-FCF valuation of 22.4 Just last week, Lockheed Martin expressed opposition to this merger, warning that it could hurt competition in the defense industry. But from L3Harris's perspective, this acquisition may make sense -- at first glance.
Microsoft is starting to separate itself because it's tied to so many things and we saw what it is now trying to do in the gaming business with its Activision Blizzard acquisition of almost $70 billion. So I think the acquisition is exciting. With really no corporate acquisitions, they do it all internal house.
In preparation for the upcoming tender, IGT and our current partners have entered into memorandums of understanding to maintain the existing joint venture structure for the new bid. We are in a solid financial position with net debt leverage of 2.9 Revenue of $1.07 billion in liquidity. billion with an operating margin of around 21%.
This is a transformative merger that positions us as one of the largest open internet advertising platforms. The news of our merger with Teads allows us to take a massively forward in executing this strategy. The reception we've seen from many industry players reinforces our confidence in the merger's rationale.
Our forward-looking statements do not reflect the potential impact of significant transactions we may enter into such as mergers, acquisitions, dispositions, joint ventures, or any material agreements that we may enter into, amend, or terminate. In addition and equally as important, we ended the year with no debt.
This translated into significant cash generation in the period, including record cash from operations of over 1 billion, bringing the company's net debt leverage to the lowest level ever. These games are effective player-acquisition tools. billion and net debt leverage improving 3.5 billion of EBITDA, and a 41.3% EBITDA margin.
What investors may want to know about the upcoming merger between WWE and the UFC. Ricky Moldy caught up with Thompson to discuss the early days of mixed martial arts, the upcoming merger between WWE and the UFC, and what it takes to be the Alpha of a cage fighting organization. He's just gone from agency to acquisition.
As noted in prior quarters, one of our key partners transitioned to new bidding technology and we completed the transition in early May. As a result, we ended the quarter with 131 million of cash, cash equivalents and investments in marketable securities on the balance sheet and no remaining debt outstanding. Thank you so much.
Discover, in the midst of a $35.5bn acquisition by Capital One, initiated the sale of its student loan portfolio as part of the merger deal. The student lending sector, once a domain of major banks like Citigroup and Bank of America, has seen a significant retreat since 2008 due to higher default rates compared to other debt types.
We have the plan, Frontier acquisition. It's going to take time until that's come into fruition because it's hanging on another acquisition. We will, as we have closed the Frontier acquisition, have more than 30 million passings -- fiber passing. That's the ratio of net unsecured debt to adjusted EBITDA.
But if you include pending acquisitions, such as Home Point, we're over 950 billion, which is nearly on top of our 1 trillion target. Also contributing to portfolio growth, we completed the acquisition of Rushmore Servicing, which now makes us one of the largest special servicers. And that is now playing out as we foresaw.
To find a comparable company, you’ll look at industry, size, growth, geography, capital structure (how much debt a business has), and a business’s lifecycle stage (whether the business is a startup, in its growth phase, or has reached maturity). However, for small businesses, conducting a comparable company analysis can be complicated.
At Axial, we use data collected over 14 years of working in mergers and acquisitions, such as recently closed deals and how many bids an advisor generates, to recommend the best advisors for your business. You can use Axial to find the best M&A advisors to help you sell your business and meet your exit goals.
Private equity dealmaking in Europe remains subdued, with buyers and sellers struggling to agree on valuations, hobbling mergers and acquisitions activity. We have seen attractive opportunities over the last couple of years that would have been heavily bid had it not been for the market conditions,” she said.
Blackstone and CPP Investments beat out a consortium led by IFM Investors which also bid for AirTrunk, Reuters reported on Aug. billion), including debt and capital expenditure for committed projects. billion), including debt and capital expenditure for committed projects. and PSP Investments, according to a statement Wednesday.
” Visit SouthWorth’s Profile “Cottonwood Acquisitions is a family office partnership focused on investing in small to mid-sized businesses. ” Visit Northwoods’ Profile “Meraki Investments, LLC is a private investment firm focused on small to medium-sized acquisitions of established quality businesses.
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.
Matt Levine : 00:05:09 There’s some of that, but like, you have to like, like yeah, you’re like writing merger agreements and then the other side is marking up the merger agreement and like you’re arguing over commas and stuff. This is how remedies work and merger disputes, right? And I love that.
So you come outta college, you go to Pricewaterhouse Cooper and then Koch Industries where you’re focusing on convertible securities, merger, arb, and, and special situations. So I remember writing the merger, our business plan there. They borrowed money at live bid at the time. Huh, 00:03:07 [Speaker Changed] Interesting.
to resolve its debt ceiling debacle and is looking to raise liquidity to take advantage of “opportunities” the fund sees in equity and fixed-income markets. Invested R$200 million (C$52 million) in the debt facility of Rio Energy alongside Lumina Capital Management. HCP) to support Carlyle’s acquisition of the company.
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