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CoStar Group (NASDAQ: CSGP) , the parent company of Apartments.com and Homes.com, announced its intention to acquire Matterport (NASDAQ: MTTR) , a virtual tour software platform, for an enterprisevalue of $1.6 or more 0.02906 shares Matterport's Merger Arbitrage Opportunity As of this writing, Matterport trades for roughly $4.40
That secular trend makes Nvidia a great long-term investment, but it could struggle to replicate its millionaire-making gains from the past several years. So if you're looking for the "next Nvidia," you might want to check out the smaller AI companies the chipmaker is investing in. Should you invest $1,000 in Serve Robotics right now?
and Dragoneer Investment Group to take the education software firm private for a total enterprisevalue of about $1.5bn. The purchase price represents an about 55% premium over the closing price on November 30, 2022, when the company disclosed the bidders for its acquisition proposal, according to Refinitiv data.
Private investment giant Blackstone, in partnership with smaller investors, is acquiring a majority stake in Citrin Cooperman, a US accounting firm, in a deal that values the company at over $2bn, according to a report by the Financial Times. Private equity has driven a wave of mergers and acquisitions in the accounting sector.
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. A $10,000 investment in BigBear.ai 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.
QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. A $2,000 investment in the stock on the first day would have briefly blossomed to over $10,600 before withering to about $560 today. Based on its current enterprisevalue of $2.54
The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. Where to invest $1,000 right now? These acquisitions expanded its ecosystem, but they also raise some concerns about the long-term organic growth of its core business.
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
Nikola (NASDAQ: NKLA) attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 4, 2020. A $2,000 investment on its first trade would have briefly blossomed to over $4,200 before withering to just $40. Should you invest $1,000 in Nikola right now?
BigBear.ai (NYSE: BBAI) and SentinelOne (NYSE: S) represent two unique ways to invest in the growing artificial intelligence (AI) market. went public by merging with a special purpose acquisition company ( SPAC ) on Dec. And with an enterprisevalue of $7.08 Should you invest $1,000 in BigBear.ai
The investment case for the stock is relatively simple and based on a compelling valuation argument. Third, it's worth noting that 3M Healthcare/Solventum was the focus of 3M's merger and acquisition activity over the past five years. Should you invest $1,000 in 3M right now? billion 3%-5% Dental solutions $1.3
The developer of electric vertical take-off and landing (eVTOL) aircraft went public by merging with a special purpose acquisition company ( SPAC ), and it started trading at $9.90 It crashed and burned as it missed its own pre-merger expectations, racked up steep losses, and issued a lot more shares to raise fresh cash.
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. With an enterprisevalue of $3.7
Archer Aviation (NYSE: ACHR) , a developer of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) three years ago. In 2023, the automaker Stellantis (NYSE: STLA) invested in Archer and selected it as its exclusive contract manufacturer for its own eVTOL aircraft.
But instead of expanding into the wireless market like AT&T and Verizon Communications , Lumen doubled down on the slow-growth wireline market through a series of mergers and acquisitions. With an enterprisevalue of $21 billion, Lumen might seem cheap at 1.6 Should you invest $1,000 in Lumen Technologies right now?
Here's why buying Hershey and MTY makes for a compelling investment proposition, with their 2.9% First, prior to this decline, the company's ratio of enterprisevalue (EV) to earnings before interest, taxes, depreciation, and amortization (EBITDA) was at an all-time high of 24. dividend yields near a decade-long high.
Both electric vehicle (EV) makers went public by merging with special purpose acquisition companies (SPACs), attracted a stampede of bulls with their optimistic production forecasts, then drove them away by missing those estimates by a mile and racking up steep losses in a deteriorating macro environment. With an enterprisevalue of $6.7
The developer of solid-state batteries went public by merging with a special purpose acquisition company ( SPAC ) in November 2020, and its stock started trading at $24.80 But with an enterprisevalue of $2.3 billion, QuantumScape is still richly valued at 193 times its 2026 sales. less than a month later.
Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. At its peak, Nikola had an enterprisevalue of $28.7 At its peak, Nikola had an enterprisevalue of $28.7 just six trading sessions later. Image source: Nikola.
The developer of solid-state batteries went public by merging with a special purpose acquisition company (SPAC), and its stock started trading at $24.80 QuantumScape has high hopes for 2028 During its pre-merger presentation, QuantumScape claimed it would start commercializing its batteries in 2024 and ramp up its production through 2028.
It's making two acquisitions to enhance its footprint, cash flow, and ability to return cash to investors. That will make it an even more attractive investment for those seeking a growing income stream. a stock-based acquisition). billion enterprisevalue. Should you invest $1,000 in Oneok right now?
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. Drilling down into the deal APA Corporation is buying Callon Petroleum in an all-stock deal valued at $4.5
QuantumScape (NYSE: QS) , a maker of solid-state batteries for electric vehicles (EVs), initially attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) in November 2020. That focus attracted a big investment from Volkswagen more than a decade ago. less than a month later.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 It crashed and burned as rising interest rates rattled the housing market, throttled its growth, and drove investors toward more conservative investments. And with an enterprisevalue of $3.27
Joby Aviation (NYSE: JOBY) , a developer of electric vertical take off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Aug. Like many other SPAC-backed start-ups, Joby disappointed its early investors by missing its own pre-merger estimates by a mile.
Unlike AT&T and Verizon , which expanded their wireless networks to reduce their dependence on wireline connections, Lumen shunned the wireless market and expanded its wireline business through a series of mergers and acquisitions. With an enterprisevalue of $23.4 It also still had $1.5
SoundHound AI (NASDAQ: SOUN) went public by merging with a special-purpose acquisition company (SPAC) on April 28, 2022. During its pre-merger presentation, SoundHound predicted that its revenue would rise from $13 million in 2020 to $20 million in 2021, and then grow to $28 million in 2022. and rallied to an all-time high of $14.98
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. That's well below the estimates it provided during its pre-merger presentation, when it claimed it could generate $9.8 With an enterprisevalue of $3.5
The luxury electric sedan maker Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisition company (SPAC) in July 2021. Why did Lucid miss its pre-merger targets? With an enterprisevalue of $8 billion, Lucid might seem reasonably valued at 6 times next year's sales. Its stock opened at $25.24
Here's what makes the company a stellar "forever" investment, especially following its recent acquisition. Last but not least, however, Casey's most powerful growth lever remaining could be its continued geographic expansion, whether through building new stores or leaning upon its newly formed mergers and acquisitions (M&A) team.
(“Cvent”), an industry-leading meetings, events and hospitality technology provider, today announced the completion of its acquisition by an affiliate of private equity funds managed by Blackstone (“Blackstone”) for $8.50 per share in cash, representing a total enterprisevalue of approximately $4.6
Freschia Gonzalez of Wealth Professional reports that CPP Investments to exit Calpine stake, expects US$2.6bn in proceeds: CPP Investments has announced the sale of its entire 15.75 The sale forms part of Constellation's acquisition of Calpine. is nearing an acquisition of Calpine Corp.,
That price is good for an enterprisevalue of $14.9 Steel announced back in August 2023 , spurred after the company received multiple unsolicited proposals ranging from the acquisition of certain assets to the purchase of the entire company. Should you invest $1,000 in United States Steel right now? Steel shareholders.
With an enterprisevalue of $5.1 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. Image source: Getty Images.
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.
It is replacing business consultancy Perficient in the lineup, as that company is being acquired by investment firm EQT Group in a deal with an enterprisevalue of roughly $3 billion. The stock began trading in late 2021 after a merger and is down 25% since then. Should you invest $1,000 in Crescent Energy right now?
Devon Energy (NYSE: DVN) launched a pioneering capital return framework following its transformational merger with WPX Energy in early 2021. billion equity value in stock (0.10125 of its shares for each share of Enerplus) and the other 10% in cash ($1.84 Reuters also reported that Devon had discussed a merger with Marathon Oil.
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. With an enterprisevalue of $4.1 With an enterprisevalue of $1.97
IonQ (NYSE: IONQ) , a developer of quantum computing technologies, went public by merging with a special purpose acquisition company (SPAC) on Oct. A $1,000 investment in its public debut would have grown to over $2,900 before shrinking back to about $1,200. With an enterprisevalue of $2.57 about a month later.
Shares of the home robotics company, best known for its Roomba line of robotic vacuums, soared nearly 40% last Friday after Reuters reported that Amazon was finally poised to receive unconditional European Union antitrust approval to complete the acquisition. billion enterprisevalue was essentially unchanged).
The company is going public through a special purpose acquisition company ( SPAC ) with SK Growth Opportunities Corporation. The chart below shows a brief pop in shares of SK Growth Opportunities Corporation after the news of its planned merger with Webull. Following the acquisition, Webull will have a projected $7.3
Arco announced a definitive agreement under which affiliates of General Atlantic and Dragoneer Investment Group will acquire all of Arco's shares. The deal values Arco at $1.5 billion in terms of enterprisevalue, and Arco shareholders will receive $14 per share in cash for their stock.
The biggest catalyst has been acquisitions. billion acquisition of Lotus Midstream last May and followed it up with its $7.1 billion merger with fellow MLP Crestwood Equity Partners in November. billion acquisition of WTG Midstream. It expects to invest $3 billion to $3.2 Energy Transfer closed its $1.5
Intuitive Machines (NASDAQ: LUNR) , a developer of lunar landing and exploration vehicles, went public by merging with a special purpose acquisition company (SPAC) on Feb. At its peak, Intuitive Machines' enterprisevalue reached $1.48 times sales, its enterprisevalue would more than double from its current levels to $1.2
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