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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
The potential deal would be the latest in a wave of merger activity in the oil patch. ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) closed multibillion-dollar acquisitions this year and have since agreed to even larger transactions. Only one oil company will emerge victorious in the bidding for CrownRock. million BOE/d.
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. Exxon believes Chevron's pending acquisition of Hess triggers this clause. billion, or $64.5
regulatory agencies, have cast uncertainty on the merger's future. The acquisition could well elevate Microsoft's standing in the gaming industry as a whole. The Activision Blizzard deal continues to face regulatory hurdles Despite its immense potential, the acquisition faces substantial regulatory obstacles, particularly in the U.K.
But in the investment banking world, the best time to finalize potential mergers or acquisitions is over the weekend, as markets aren't open and companies don't have to worry about the potential for leaked information to cause an immediate spike in share prices. With this bid valuing American Equity at $4.3
Energy companies have signed over $180 billion in merger agreements over the last six months. However, Devon Energy (NYSE: DVN) has gotten left out of the current merger wave washing over the oil patch. The oil producer has reportedly pursued several acquisition targets, only to lose to a competitor.
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. Investors appear to be hoping for a sweetened bid from Lockheed Martin to get the deal done. Will Lockheed Martin pay up for a partner?
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
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. Its dividend return of around 5.3%
About 90% of the deals on its platform were completed without real estate agents -- its buyers simply place bids on its marketplace instead of directly haggling with the sellers. But since its market debut via a merger with a special purpose acquisition company ( SPAC ), Opendoor's stock has lost nearly 90% of its value.
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. That increased scale should boost Exxon's cash flow and returns. billion, including the assumption of debt.
billion ), (2) whether it would make sense for them to buy ULA, or (3) or whether such an acquisition would pass regulatory muster (i.e., Still, if I were to peer into my crystal ball, here's my guess at how this all plays out: Bankrolled by Jeff Bezos, Blue Origin places the winning bid for ULA sometime next month.
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).
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. The Motley Fool recommends Broadcom and Gartner.
Steel being "in play," as they say on Wall Street, highlights how unpredictable and shocking acquisition activity can be. When the market opened for trading on the Monday after the news of the acquisition offer broke, every steel company rose, even Cleveland-Cliffs. Although specific to the steel industry, U.S. Adding U.S.
It was no surprise that Intel (NASDAQ: INTC) had to walk away from its bid to acquire Israel's chip manufacturer Tower Semiconductor (NASDAQ: TSEM). Because it was still under merger agreements with Intel at the time, Tower did not provide any financial guidance during its Q2 2023 earnings update. Data by YCharts.
The 10 stocks that made the cut could produce monster returns in the coming years. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 7, 2023 This video was recorded on Dec. Deidre Woollard: Two state named airlines, one big merger.
It's going to take more than waving a wand, or changing an office nameplate, to reverse years of Boeing decisions to bid low to win unprofitable defense contracts. The 10 stocks that made the cut could produce monster returns in the coming years. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.
Earlier this year, Sigma Lithium was further linked to mergers & acquisitions activity with Tesla (NASDAQ: TSLA) as the purported buyer. And that bit about automotive and battery companies bidding for Sigma Lithium almost certainly is reminding investors of Tesla's reported earlier interest. and Sigma Lithium wasn't one of them!
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. The 10 stocks that made the cut could produce monster returns in the coming years.
Macy's (NYSE: M) could reportedly be the target of an acquisitionbid, while Cigna Group (NYSE: CI) called a potential deal off. The iconic retailer could be going private, if reports of a takeover bid are correct. The reported value of the bid is $5.8 The reported value of the bid is $5.8
Dice Therapeutics (NASDAQ: DICE) made a huge move higher on merger news, while Sanofi (NASDAQ: SNY) scored a significant victory that has shareholders feeling better about the company's prospects. Dice agreed to a buyout bid from Eli Lilly. However, there was considerable activity in the biopharmaceutical stock space.
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.
After a media report stated that several potential acquirers are circling around the company, market players bid the shares up by just under 5% on the day. See 3 “Double Down” stocks » *Stock Advisor returns as of October 7, 2024 Eric Volkman has no position in any of the stocks mentioned. That performance trounced the 0.8%
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). But, in many ways, that's just par for the course when it comes to mergers.
Normally, acquisitions go fairly smoothly. ONEOK 's (NYSE: OKE) proposed acquisition of Magellan Midstream Partners (NYSE: MMP) is increasingly uncertain. Acquisitions follow a rhyming path When a company offers to buy another company, it generally provides a premium to the current market price. Sometimes things get complicated.
All about cash flow Since completing its merger with Sprint in 2020, T-Mobile has produced massive free cash flow growth for shareholders. For example, management delivered more than $8 billion in merger synergies since integrating Sprint, above its $7.5 T-Mobile plans to return most of that free cash flow to shareholders.
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
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. and Arco Platform wasn't one of them! .*
suggested that a recent proposal from Microsoft could finally break the logjam that has thus far prevented its acquisition of the video game developer from moving forward. The Competition & Markets Authority (CMA) released a decision early Friday stating that it might approve the Microsoft-Activision merger.
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.
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. The 10 stocks that made the cut could produce monster returns in the coming years. Image source: Getty Images.
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.
The parent company of Michael Kors got a buyout bid from fellow luxury fashion company Tapestry (NYSE: TPR) , which is the parent of Coach. The acquisition will create a massive luxury brand empire, bringing together Tapestry brands Coach, Kate Spade, and Stuart Weitzman with Capri brands Michael Kors, Versace, and Jimmy Choo.
An acquisitionbid can also give a stock a huge lift all at once, and shareholders in Splunk (NASDAQ: SPLK) are seeing firsthand what can happen when a major player in the technology industry like Cisco Systems (NASDAQ: CSCO) gets interested in a smaller peer. Yet a couple of forces have benefited certain stocks.
Over the past few years, many speculative tech companies went public by merging with special purpose acquisition companies (SPACs). Some of those stocks initially soared, but a lot of them fizzled out after they broadly missed their pre-merger projections. Rising interest rates also drove many investors to dump those riskier stocks.
This difference caused a lack of synergies between the businesses, making a successful merger difficult. Another point to consider is Dollar General's (NYSE: DG) outperformance since the July 6, 2015, acquisition. Dollar General's total return of 16% from then to now outpaces Dollar Tree's 17% drop in total return.
billion bid for life insurance company American Equity. See the 10 stocks *Stock Advisor returns as of June 26, 2023 This video was recorded on June 27, 2023. 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.
The dust in question, of course, is the recent announcement that Capital One is making a $35 billion bid to acquire rival credit card company Discover Financial Services. There's a reason, however, that Capital One Financial shares didn't budge following Monday's announcement of the bid. Two reasons, actually.
With gold prices hitting record highs, UBS also expects consolidation in the gold sector to pick up and expects gold companies to look at potential mergers and acquisitions as they strive to replenish their project pipelines and explore new opportunities. It is trading below $2,400 an ounce right now.
ET after the company provided an update on the status of its bid to acquire VMware (NYSE: VMW) Monday morning. So what According to Broadcom, all systems are go for the company to complete its acquisition of VMware as planned on Oct. What happened Shares of semiconductor company Broadcom (NASDAQ: AVGO) gained 2.4% through 12:15 p.m.
Why DraftKings soared in 2023 It wasn't just speculative investors bidding up DraftKings stock in 2023. The 10 stocks that made the cut could produce monster returns in the coming years. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. His clients may own shares of the companies mentioned.
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