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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
There's an investment tactic on Wall Street called merger arbitrage. On the surface, merger arbitrage seems like it would be easy, but iRobot (NASDAQ: IRBT) and Spirit Airlines (NYSE: SAVE) show it can be harder than it seems. There's no such thing as a free lunch The logic behind merger arbitrage is pretty simple.
The State of the Game The private credit arms race has taken the industry landscape by storm, with Ken Moelis citing the shift as the greatest change in the history of transactional finance. [1] 2] While BlackRocks acquisition dominated the news cycle, other firms have already made it their prerogative to jump into the private credit pool.
to finance its potential acquisition of venue and events management company ASM Global, according to people with knowledge of the matter. LevFin Insights first reported some details of the financing on Monday. Thoma Bravo is mulling a roughly $1bn debt deal to help pay for its planned acquisition of NextGen Healthcare Inc.,
The company intends to use the funds to accelelrate its growth strategy through mergers and acquisitions (M&A), with the goal of enhancing access to data, acquiring innovative technologies, and expanding market share. […] The post ZeroNorth Receives $20M Financing From CIBC Innovation Banking appeared first on FinSMEs.
An affiliate of Paceline Equity Partners, LLC , a Dallas-based private equity manager, today announced that it has participated in a $175m financing facility to support GCOM Software LLC’s merger with OnCore Consulting, LLC. GCOM is a portfolio company of Sagewind Capital, LLC , a New York-based middle-market private equity firm.
He began his career in investment banking at Citi/Salomon Smith Barney in New York and Singapore focusing on mergers and acquisitions and financings. Campbell Lutyens has been advising GPs and LPs on secondary transactions since 2000.
The REIT recently added $1 billion to its acquisition target, giving it the confidence to boost the low end of its growth rate. Due to challenging market conditions, the REIT wanted to keep investment spending to what it could fund without outside financing. billion merger with Spirit Realty earlier this year.
It is a merger Monday in the truest sense. The aspects of mortgage financing, that is a business that Redfin has wanted to be in. The financing side of it is where Rocket has been traditionally quite good. All personal finance content follows Motley Fool editorial standards and not approved by advertisers. We had no idea.
Catalanos practice encompasses a broad range of transactions, including equity financing rounds, mergers and acquisitions, and complex commercial agreements. His expertise extends to licensing deals, NFT collaborations, technology sourcing, blockchain networks, manufacturing and supply arrangements, and marketing agreements.
For this reason, once the start-up reaches a maturity point generating consistent cash flow, it may seek out alternative financing options like debt. Moreover, one prediction I made for 2024 is that mergers and acquisitions will see a rebound this year. Horizon Technology Finance: 9.9% Image source: Getty Images.
Earlier this week, shares of iRobot plunged after Amazon announced the two companies have agreed to amend the terms of their merger to reduce the price Amazon will pay -- specifically, to $51.75 billion merger announcement almost a year ago. billion merger announcement almost a year ago. per share from $61 per share previously.
Why Activision and Adobe shareholders might not want their company's proposed acquisitions to go through. Dylan Lewis: After the break, we've got the latest on regulators kicking the tires on major acquisitions. I want to start with Adobe and its planned 20 billion-dollar acquisition of design tool Figma. Dividend Equity ETF.
Fintech businesses that operate at the intersection of technology and finance, such as Stripe , Chime, Plaid, and others, have brought some much-needed disruption to legacy financial services. SoFi went public a few years ago following a merger with a special purpose acquisition company (SPAC) led by billionaire investor Chamath Palihapitiya.
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.
“The industry’s resilience and flexibility are filling market gaps and providing customized financing solutions. Private credit has become indispensable for businesses seeking financing, and is increasingly becoming their preferred option.” Currently, a substantial amount of “dry powder” – approximately $340.8
US private equity dealmakers are preparing for a year of heightened merger and acquisition (M&A) activity despite significant macroeconomic and geopolitical uncertainties, according to the 2025 Deal and Business Risk Management Survey by professional service firm Aon.
Adjusted FFO growth was even faster in its real estate segment at 7.1%, driven by rent growth, acquisitions, and the merger of a non-traded REIT it previously managed. The REIT has a long history of expanding its portfolio through acquisitions, property purchases, and development projects. Last year, the company invested $1.4
That all came to a head in 2020 when deteriorating market conditions during the pandemic left the midstream company with no choice other than to slash its distribution so it could retain additional cash to shore up its finances. The acquisition will enhance Energy Transfer's ability to pay distributions. billion all-equity deal.
However, most investment banks typically seek out high-profile companies and offer them a variety of solutions pertaining to mergers and acquisitions , raising capital through the equity markets, or borrowing money via the debt markets. Even among its peers, this approach is unusual. Data source: YCharts.
I would now like to turn the conference over to Steve Bakke, senior vice president of corporate finance. billion merger with Spirit Realty Capital in an all-stock transaction in October, which closed subsequent to year-end on January 23rd. Operator instructions] Please note today's event is being recorded. Please go ahead, sir.
KKR & Co has secured a private credit loan of approximately AUD500m ($331m) from Blackstone and Goldman Sachs Asset Management to help finance its purchase of Perpetual’s corporate trust unit, according to a report by Bloomberg.
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).
Although there has been significantly more progress made on the state level to legalize medical cannabis compared to the recreational cannabis market, even prominent multistate operators often have limited access to the financing they need to run their businesses. stock exchange. stock exchange.
It has also benefited from acquisitions. Take out the acquisition, and that line item would have been up just 8%. For the quarter, capital expenditures (capex), including finance leases, were $20 billion. Alternatively, it could use its excess cash on mergers and acquisitions (M&A) instead of organic growth.
Third, it's worth noting that 3M Healthcare/Solventum was the focus of 3M's merger and acquisition activity over the past five years. billion as a result of financing raised in connection with the spinoff. Only the pandemic-impacted year of 2021 took its healthcare revenue growth above the low point of the 4%-6% range.
Although they are similar businesses, ExxonMobil and Chevron do have some distinct differences, especially regarding their merger and acquisition activity. While Exxon completed its acquisition of Pioneer Natural Resources in May, Chevron has yet to make progress on its acquisition of Hess.
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., On the first question, although Blue Origin is a private company and so does not disclose its finances, it is owned and financed by Amazon founder Jeff Bezos. Blue Origin is different.
After its 2022 merger with Kirkland Lake Gold and its acquisition of Yamana's Canadian assets, Agnico has emerged as a leading producer of gold -- and profits. More like specialized financiers, royalty and streaming companies provide up-front capital to miners to help them finance their capital-intensive projects.
Furthermore, some BDCs, such as Ares Capital, offer more sophisticated financing solutions -- making them appealing to larger public companies as well. Moreover, because Hercules often attaches warrants to its investments, I see the potential for rising acquisitions as particularly lucrative. Well, not exactly.
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 TYSONS, VA – June 15, 2023 – Cvent Holding Corp.
Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 With the completion of the acquisition, Rover stockholders are entitled to receive $11.00
Banc of California and PacWest Bancorp have announced a pivotal merger and a $400m equity investment from Warburg Pincus and Centerbridge. The post Warburg Pincus and Centerbridge Back Transformational Banc of California and PacWest Merger with $400m Equity Raise first appeared on AltAssets Private Equity News.
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. It also provided app-based home buying and financing services for its potential buyers. Opendoor's stock closed at an all-time high of $35.88 But today, it only trades at about $3.
Lotus Technology, the electric vehicle arm of British sports car brand Lotus, has secured $870m of financing commitments this year before its planned listing on the Nasdaq via a special purpose acquisition company, the firm controlled by Chinese car giant Geely Holdings announced yesterday.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Other prominent players in the sector went public through mergers with so-called special purpose acquisition companies (SPACs) last year. The publicly traded shares of CCIV fell nearly a third to $40.35
Nearly one year after the original merger announcement, the parties modified the deal's terms in order to reflect changes to iRobot's business value. So what The rewritten acquisition papers lowered the buyout price from $61 to $51.75 This merger arbitrage play looks risky, though. The final verdict is now due no later than Dec.
These offices can be set up for a specific family and handle their finances exclusively, or cater to multiple high-net-worth families. A family office may offer financial planning, investment management, tax expertise, and charitable giving opportunities.
Chevron's strong cash flow and balance sheet mean it isn't reliant on debt financing, so it isn't as affected by high-interest rates. In late October, Chevron announced the $53 million all-stock merger with exploration and production company, Hess. It's reasonable to assume that at least some of the Chevron stake was a short-term play.
Unfavorable market conditions combined with unwelcome acquisition news to drive the stock lower in April. There were reports that Salesforce is nearing an acquisition of Informatica , which provides AI-enabled cloud data management software. and the unwelcome acquisition news. Shares of Salesforce (NYSE: CRM) fell 10.7%
Deliberations are at an early stage, and a decision on whether to proceed with the merger should be made by the end of the year, said one of the people. The merger would come amid renewed deal activity in the media sector. The combined group would be valued between $2.8bn and $3.3bn, two of the people said. Source: U.S.
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. Steel has opted for the latter; in a separate merger presentation, management argued it provides "certain and immediate value to U.S.
“We are excited about the next chapter in our company’s future with the pending acquisition by Sycamore Partners. per share in cash – a value that’s 65% higher than the closing price of the retailer’s common stock ahead of the acquisition announcement. in merger-related costs during the third quarter.
It can create a snowball effect for accelerating shareholder value by compounding the pace of innovation, dividend raises, buybacks, mergers and acquisitions, and more. Earnings growth can make a company that looks expensive based on trailing earnings still worth buying. Microsoft $151.75 $443.57 $3.32 Data sources: YCharts, Yahoo!
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