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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
Serve Robotics executed a reverse merger with the blank-check company Patricia Acquisition in 2023, which paved the way to its Nasdaq listing at $4 a share on April 18. With an enterprisevalue of $384 million, it might seem ridiculously overvalued at more than 200 times this year's sales. It generated just $1.6
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.
As for the 4%-6% expected end market growth, the figure looks familiar enough because it's what 3M's management told investors to expect from its healthcare end market on 3M's investor day in 2016 and 2019. For example, management expects its organic revenue growth to be between a 2% decline and flat in 2023.
SoundHound AI (NASDAQ: SOUN) has taken its investors on a wild ride over the past three years. The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. The acquisitions are also weighing down its margins as it integrates those new services.
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.
Those AI-driven technologies sound promising, but both stocks disappointed their early investors. went public by merging with a special purpose acquisition company ( SPAC ) on Dec. Should investors buy either of these out-of-favor stocks as a turnaround play? And with an enterprisevalue of $7.08
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-mergerinvestor presentation. With an enterprisevalue of $3.7
Archer Aviation (NYSE: ACHR) has disappointed a lot of investors since its public debut three years ago. 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 With an enterprisevalue of $1.43
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. 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. and climbed to an all-time high of $16.12
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. How badly did Archer Aviation disappoint its investors? The combined company's stock started trading at $9.90
QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. Its top investor is the auto giant Volkswagen , which started working with the battery maker more than a decade ago. Based on its current enterprisevalue of $2.54
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 In fiscal 2022, its revenue rose 21% to $33.2
With Hershey and MTY down 12% and 20% from their 52-week highs -- and 33% and 39% below their all-time highs -- investors would be wise to consider these two magnificent dividend stocks at discounted prices. Image Source: MTY Food Group Investor Presentation. currently meet these requirements. dividend yields near a decade-long high.
QuantumScape (NYSE: QS) stock has disappointed a lot of investors since its public debut on Nov. 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 before skyrocketing more than fivefold to its all-time high of $131.67
QuantumScape (NYSE: QS) has disappointed a lot of investors since its public debut. 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 So should investors take the contrarian view and buy this beaten-down stock?
Nikola (NASDAQ: NKLA) and Lucid (NASDAQ: LCID) both disappointed investors in similar ways after their public debuts. Should investors give either of these stocks a second chance as the bulls stay far away? With an enterprisevalue of $6.7 But today both EV stocks trade more than 90% below their all-time highs.
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.
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. Should investors buy, sell, or hold this volatile stock in this challenging market for speculative EV plays?
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
It's making two acquisitions to enhance its footprint, cash flow, and ability to return cash to investors. Drilling down into the deals Oneok has agreed to a series of deals with leading infrastructure investor Global Infrastructure Partners (GIP). a stock-based acquisition). billion enterprisevalue.
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
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. Therefore, it's easy to see why Nikola's enterprisevalue shrank from its peak of $28.7 The electric semi-truck maker's stock opened at $37.55 a mere five days later.
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. However, investors who bought Opendoor's stock when it dropped to its all-time low of $0.92 With an enterprisevalue of $3.5 Image source: Getty Images.
As such, investors are looking for a potential upside catalyst for the share price. The obvious candidate is a breakup to release value. It's an idea that finds favor with investors. The restructuring is necessary, and it's what many investors were calling for. Here's what you need to know about Honeywell's latest news.
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
Despite becoming a 43-bagger in just under 25 years, Casey's General Stores should still have plenty of gas left in the tank for investors. Here's what makes the company a stellar "forever" investment, especially following its recent acquisition. Should investors go all-in on Casey's stock today? Recently spending a hefty $1.1
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. Per the investor presentation, Webull has 20 million registered users.
(“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
SoundHound AI (NASDAQ: SOUN) disappointed a lot of investors after it went public by merging with a special purpose acquisition company (SPAC) in April 2022. Yet it had previously told investors it could generate $98 million in revenue in 2023 during its pre-merger presentation. Image source: Getty Images.
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. In a press release this morning, U.S. billion (including roughly $800 million of U.S.
Here's why this drop could be a once-in-a-decade opportunity for investors. MTY Food Group: A serial acquirer MTY Food Group has made 50 acquisitions since 1999, including 27 over the last decade. Compared to its weighted average cost of capital (WACC) of 7%, the company consistently creates value for investors.
With an enterprisevalue of $5.1 So, instead of going all-in on AST, investors might consider spreading out their bets on some smaller space stocks that haven't blasted off yet. That lack of new contracts caused it to miss its pre-merger expectations by a mile. They also expect it to turn profitable by the final year.
Devon Energy (NYSE: DVN) launched a pioneering capital return framework following its transformational merger with WPX Energy in early 2021. Here's a look at how the deal will benefit dividend investors and where Devon might turn next to fuel its payout. Reuters also reported that Devon had discussed a merger with Marathon Oil.
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. The switch is scheduled to take effect today.
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.
The Dow Jones Industrial Average (DJINDICES: ^DJI) stretched to a modest gain, but declines for the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) showed the ambivalence among investors about what the next couple of months will bring. The deal values Arco at $1.5 and Arco Platform wasn't one of them!
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).
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 That tepid growth and murky road map drove away many of its initial investors.
The master limited partnership (MLP) delivered solid earnings growth, fueled by organic expansion and two acquisitions. As the chart in the upper left-hand corner of that slide shows, the MLP trades at about 8 times its enterprisevalue to EBITDA. billion merger with Crestwood that didn't close until early November.
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. Meanwhile, its distributable cash flow surged 32% to over $2 billion. times target range.
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