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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
Citing unnamed sources familiar with the matter, the report outlines that Rees has been discussing the idea with potential partners, and would involve combining three to five firms from Blue Owls portfolio, focusing on areas such as private equity buyouts, infrastructure, credit investments, and real estate.
The company was created through the merger of analytics company BigBear and systems integrator NuWave by private equity firm AI Industrial Partners. Two other analytic companies were later added to the mix, and the company went public via a special purpose acquisition company ( SPAC ) back in 2021. government defense industry.
The firm, which owns more than 600 buildings, including doctors surgeries across the UK, has been a target of multiple acquisition attempts in recent months. Assura also confirmed it had rejected a merger proposal from Primary Health Properties (PHP), which valued the company at approximately 43p per share.
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 sale follows Viridiums abandoned attempt to acquire a $20bn life insurance portfolio from Zurich last year. Since then, the insurer has expanded through acquisitions, including Skandia and Entis, growing its assets under management from 5bn to 67bn and its policyholder base from 600,000 to 3.4
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. Its newest Gen 3 robots can travel 48 miles on a single charge, carry up to 15 gallons of cargo, and have a max speed of 11 mph.
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.
Private equity firms are increasingly using continuation funds to extend ownership of portfolio companies. Continuation funds also underline private equitys commitment to supporting portfolio companies through economic cycles. Source: Mergers & Acquisitions Can’t stop reading?
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.
That has led many marijuana producers to pursue acquisitions to bolster their top lines. CEO says he's looking at more acquisitions In an interview with MarketWatch last month, CEO Irwin Simon said that more deals could be coming soon. "I I will look to do more acquisitions in 2024," the chief executive said.
Before founding Dinmont Ridge, Mr. Maerov led mergers and acquisitions for North America and Latin America at WPP , a global leader in advertising, public relations, media, and technology services headquartered in London. WPP, the world’s largest advertising and marketing company, generates annual revenues exceeding $18 billion.
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.
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.
For this reason, BDCs tend to garner a lot of attention from investors looking to supplement their portfolio with some dividend income. Investing $100,000 in the three ultra-high-yield BDCs discussed below could generate $10,000 of passive income for your portfolio this year. Hercules Capital: 11.5% Image source: Getty Images.
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. Chevron noted that acquiring Hess would upgrade and diversify its already advantaged resource portfolio.
Alperovich has extensive experience advising private equity sponsors and their portfolio companies on a broad range of transactions, including mergers and acquisitions, leveraged buyouts, minority and growth investments, joint ventures, carve-outs and divestitures, restructurings, SPACs and de-SPACs, and investments in general partners.
The newly formed platform aims to eliminate inefficiencies by integrating multiple processesfundraising, investor relations, and portfolio managementinto a single, intuitive system. This merger is more than just a step forward its a transformation in how fund managers operate, said Juan Manrique, co-founder and CEO of Untap.
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 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.
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. billion merger with fellow REIT Spirit Realty. It has grown its dividend at a 4.3%
The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. That trajectory is impressive, but management originally claimed the company could generate $255 million in revenue in 2024 during a pre-merger presentation in late 2021.
Trading in the company’s shares was halted on Friday pending an announcement related to mergers and acquisitions. Founded in Shanghai in 2011 by its executives and Warburg Pincus, ESR has grown through a series of acquisitions and now manages a diverse portfolio of property-focused funds and real estate investments.
Over the years, private equity has shifted from a focus on leverage and financial engineering to an ever-increasing emphasis on creating value through operational improvements within their portfolio companies. Multiple mergers and acquisitions had created operational inconsistencies within the business.
Mitsubishi Chemical has agreed to sell its pharmaceutical subsidiary, Mitsubishi Tanabe Pharma, to US private equity firm Bain Capital in a deal valued at JPY510bn ($3.36bn) as part of a broader effort to streamline its portfolio.
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.
Let's take a look at each of the stocks in the portfolio, what they say about Ackman's investing style , and whether they are worth buying today. of the Pershing Square portfolio, across both classes of the stock. It's the newest holding in Pershing Square's portfolio as it was added in the first quarter of 2023.
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.
Pete & Gerrys Organics , a portfolio company of Butterly , has acquired Farmers Hen House , a portfolio company of Benford Capital. The acquisition adds Farmers Hen House to Pete & Gerrys existing brands, including Pete & Gerry’s Organic , Pete & Gerrys Pasture-Raised , and Nellie’s Free Range eggs.
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
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
A big factor driving Realty Income's ability to pay a dependable and growing dividend is its high-quality real estate portfolio. The REIT focuses on owning a diversified portfolio of properties net leased to high-quality tenants in durable industries. per year for every $1 billion of accretive acquisitions funded with external capital.
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.
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?
In his most recent role at the Alaska Permanent Fund Corporation, an $80bn-plus sovereign wealth fund and one of the world’s premier investors in private equity, Chirag served as Senior Portfolio Manager where he was at the forefront of key industry topics including continuation vehicles.
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.
But there's a reason Warren Buffett's kept a sizable Kraft Heinz stake in Berkshire Hathway 's portfolio since melding the two food companies into one back in 2015. A merger that underperformed on multiple levels If you're not familiar with the saga, here's the shortened version of the story. That is, he still sees hope.
It's one of only eight REITs in the S&P 500 with two A3/A- credit ratings or better, thanks to its lower leverage ratios and the quality of its portfolio. The REIT's conservative financial profile gives it the flexibility to continue expanding its real estate portfolio so that it can keep increasing its high-yielding dividend.
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.
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
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
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."
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
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