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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.
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
A lot of the details of the Capital One/Discover merger are rather technical and obscure, and related to behind-the-scenes functions of the banking system. Don't expect any big changes overnight, but there could be some good deals coming for credit card customers because of this merger.
Now, though, Buffett is selling Berkshire's Activision stock before the Microsoft acquisition closes. That was two weeks before a federal appeals court denied the Federal Trade Commission's attempt to temporarily block Microsoft's acquisition of Activision. regulators to block the acquisition. of Activision.
That run has culminated in Synopsys' recently announcement intension to acquire design and physics simulation software leader Ansys (NASDAQ: ANSS) in an industry mega-merger. Synopsys and Cadence are up 100% and 115%, respectively, over the past three years alone. Its performance has been downright pedestrian the last few years.
ExxonMobil kicked off the current boom in mergers and acquisitions last year with its recently closed $60 billion deal for Pioneer Natural Resources. Rival Chevron followed with its acquisition of Hess , which it hopes to close in the coming months. A consolidation wave continues to wash over the oil patch.
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. The Wall Street Journal reported that the oil giant was in the lead to buy the Permian Basin producer.
Devon Energy (NYSE: DVN) has struck out on several potential acquisition opportunities over the past year. The company's Grayson Mill Energy acquisition was a key topic of conversation on that call. All fueled up for a strong 2025 "We see significant financial value created from this acquisition," stated Devon's CEO on the call.
If the deal is approved, it will instantly shoot into the top-five largest software acquisitions ever. Numerous small tuck-in acquisitions have been key, and Cisco has done a bang-up job. If the merger were to take place today, Cisco would nearly double its $3.9 That isn't exactly chump change.
However, as of July 1, Six Flags completed its merger with Cedar Fair Entertainment (NYSE: FUN) and now trades under Cedar Fair's ticker symbol. Shares of both companies zipped higher last month as it became increasingly clear that the merger deal would go through. Shares of Cedar Fair stock were up 25% during the month.
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 pipeline company recently reported strong first-quarter results, fueled mainly by recent acquisitions. Another acquisition, this time by affiliate Sunoco (NYSE: SUN) , will help power stronger-than-expected earnings growth for the master limited partnership (MLP) this year. It closed its $1.5 billion this year.
This halt occurred after the discovery that some shares didn't convert correctly following the company's merger on Aug. 25, 2023, with FG Merger, a special purpose acquisition company ( SPAC ). The stock has risen more than 40x since the combination with FG Merger. 6, 2023, and the completion of the merger on Aug.
Energy Transfer (NYSE: ET) has been on an acquisition binge. billion merger with fellow master limited partnership (MLP) Crestwood Equity Partners last November. The acquisition of Crestwood Equity Partners and WTG Midstream helped fuel the record volume. The midstream giant recently closed its nearly $3.1
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
The REIT recently added $1 billion to its acquisition target, giving it the confidence to boost the low end of its growth rate. billion merger with Spirit Realty earlier this year. this year without needing outside capital to fund additional acquisitions. this year without needing outside capital to fund additional acquisitions.
BigBear.ai (NYSE: BBAI) , a developer of data mining and analytics tools, went public by merging with a special purpose acquisition company (SPAC) on Dec. Its investors retreated as its growth cooled off, it broadly missed its pre-merger targets, and it racked up steep losses. Its stock opened at $9.84 on April 13, 2022.
With a looming overhaul of US merger-and-acquisition law set to reshape the economics of the M&A-heavy pharmaceutical industry, 31 of its biggest players -- including Merck, Amgen, Abbvie, and Gilead -- formed an alliance to fight the reforms. billion merger with Horizon Therapeutics. Meet the anti-antitrust coalition.
VinFast Auto (NASDAQ: VFS) briefly became one of the market's hottest electric vehicle stocks when it went public by merging with a special purpose acquisition company (SPAC) last August. Like many other SPAC-backed EV makers, it ran of of juice as it missed its pre-merger targets and racked up steep losses. just two weeks later.
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.
Source: Mergers & Acquisitions Can’t stop reading? read more Apollo mulls $9.5bn stake in Seven & i acquisition Apollo Global Management Inc. read more Prada explores acquisition of Versace from Capri Holdings Prada is evaluating a potential acquisition of Versace from Capri Holdings, with Citi acting as.
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
Acquisitions are the main factor driving Realty Income's steadily rising dividend. The REIT estimates that every $1 billion of accretive acquisitions it makes will add 0.5% billion merger with fellow REIT Spirit Realty. For example, it converted a loan with Chelsea Piers into an acquisition of that property last year.
It has issued additional shares to fund acquisitions. billion all-stock merger with Spirit Realty. Add in a higher share count from continuing to issue more stock to fund accretive acquisitions, and the REIT could pay out more than $2.7 On top of that, its outstanding shares have increased greatly over the past year (from 674.1
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. Spirit shareholders also received about $425 million in prepayments from JetBlue as agreed upon in the merger agreement as a way to sweeten the deal. airlines."
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
VinFast just came public through a special purpose acquisition company (SPAC) merger in which more than 80% of shareholders redeemed their shares before the merger closed. Indeed, an acquisition from Veritas or another prospective buyer would mark a somewhat inauspicious end to BlackBerry's history as a publicly traded company.
The quantum computing startup went public by merging with a special purpose acquisition company (SPAC) on Oct. IonQ was one such company that missed its pre-merger expectations from 2021 to 2023. It's also increased its number of outstanding shares by about 12% since its SPAC merger. 1, 2021, and its stock opened at $10.60
After all, he's owned it since he helped arrange a merger to create the entity in 2015. The merger was worth roughly $45 billion, creating a food giant that owns such famous brands as Kraft, Heinz, Oscar Meyer, Kool-Aid, Jell-O, Capri-Sun, and more. However, the merger also loaded up the new entity with debt. Is it stubbornness?
Biotech heavyweight Amgen (NASDAQ: AMGN) will probably continue to be an active player in the merger and acquisition (M&A) scene, regardless of what happens with its proposed $28 billion buyout of Horizon Therapeutics (NASDAQ: HZNP). The good news is that there is a surfeit of attractive buyout targets at this price point.
In addition, the midstream company expects the merger will increase its free cash flow per share by an average of more than 20% from 2024 to 2027. It expects to capture at least $200 million in cost savings and other synergies following the merger, which is a big factor driving that increase.
QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. and rose to its post-merger high of $35.69 According to its pre-merger presentation, it could potentially increase its revenue at a compound annual rate of 363% from $14 million in 2024 to $6.44
It expects its revenue to grow at least 74% in 2024 and rise by more than 88% from that baseline in 2025 as it expands its ecosystem with more acquisitions. Evolv went public through a reverse merger with a blank-check company in July 2021. However, in a pre-merger presentation, the company claimed it could grow its revenue from $20.2
Management has embarked on a slew of acquisitions to expand its competencies. This deal follows last year's merger with SYNQ3 Restaurant Solutions, which boasts a portfolio of over 10,000 restaurants signed up for its voice AI services. Image source: Getty Images. In March, hardware giant Nvidia invested $3.4
Chevron's other upside catalyst is its pending acquisition of Hess. Chevron estimates the acquisition would enable it to more than double its free cash flow by 2030 at $70 oil. Uncertainty about that merger has weighed on Chevron's stock. The oil company generated $3.2 billion ($16.24 per share) of free cash flow last year.
A merger that underperformed on multiple levels If you're not familiar with the saga, here's the shortened version of the story. It was a time, however, when mergers of similar companies were almost always seen as bullish, value-adding events. That is, this merger wasn't working anywhere near as well as expected.
IonQ (NYSE: IONQ) has been a divisive stock ever since it went public by merging with a special purpose acquisition company (SPAC) on Oct. after its merger and nearly tripled to its all-time high of $31 on Nov. It also broadly missed its own pre-merger estimates. IonQ's stock opened at $10.60 Image source: Getty Images.
compound annual rate since going public, driven by a combination of rent growth and accretive acquisitions. Acquisitions are the company's other growth driver. Thanks to its abundant post-dividend free cash flow, the REIT can internally fund a meaningful amount of acquisitions each year. trillion in Europe).
Sirius XM is the final inning of its merger with Liberty Media's Sirius XM tracking stock , Liberty Sirius XM Group (NASDAQ: LSXMA) (NASDAQ: LSXMB) (NASDAQ: LSXMK) , which is expected to stop trading after the closing bell on Sept. This merger is being undertaken to create a unified class of Sirius XM common stock.
The REIT can deliver this incremental growth by making accretive acquisitions funded with outside capital (issuing new shares and debt). per year for every $1 billion of accretive acquisitions funded with external capital. billion acquisition of fellow REIT Spirit Realty earlier this year). trillion in the U.S.
On Tuesday, the company made its market debut via a merger with special purpose acquisition company ( SPAC ) Black Spade Acquisition, and quickly surged from $10 per share to close at $37.06 So what VinFast is a small electric vehicle manufacturer with large ambitions. after its first day.
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. How fast is Rocket Lab growing?
Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisition company (SPAC) nearly three years ago. But like many other SPAC-backed EV makers, it set some ambitious delivery and revenue targets in a pre-merger presentation -- then broadly missed its own expectations. What happened to Lucid over the past three years?
Shares of VinFast Auto (NASDAQ: VFS) , the Vietnamese vehicle maker that went public in a merger with a special purpose acquisition company ( SPAC) last summer, tumbled 11.5% through 11 a.m. ET Wednesday after reporting big misses on both sales and earnings for its first fiscal quarter of 2024. per share on sales of $450 million.
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