The Good Brigade/DigitalVision via Getty Images Things are getting really interesting when it comes to entertainment giant Paramount Global (NASDAQ:PARAA) (NASDAQ:PARA). Shares have been shooting up and pulling back over the past couple of days as opportunity arises because of a new bid to acquire the business, and as concerns over whether or not that…
matdesign24 MidCap Financial Investment Corporation (NASDAQ:MFIC) is a business development company that invests in senior secured debt loans to middle market companies. The company also carries a high dividend yield of 10% and offers an 8% coupon baby bond (MFICL) that is currently trading over par. After covering the income opportunity of MidCap Financial back…
Monty Rakusen/DigitalVision via Getty Images In mid-2022, I published a bullish outlook on the oil and gas producer Diamondback Energy (NASDAQ:FANG) in “Diamondback Energy: Oil Producers To Benefit From Substantial Decline In Crude Reserve.” At that time, I believed that crude oil prices would inevitably rebound due to the significant decline in total US storage…
SweetBunFactory ANSYS (NASDAQ:ANSS) is one of my first companies covered on Seeking Alpha, and this will likely be my last article on the company. On January 16, the company announced its official merger with Synopsys (SNPS). This comes just weeks after me saying that the possibilities of merger is low and giving it a fair…
baona On 10th Aug 2023, Tapestry, Inc. (TPR) and Capri Holdings Limited (NYSE:CPRI) announced that they had reached a definitive agreement under which Tapestry would acquire Capri, providing Capri shareholders with $57 per share, a 65% premium to the prior closing at the time, and valuing the company at $8.5bn on an enterprise value basis….
simarik Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund [CEF] market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical context as well as…
DSM_Sergiy/iStock via Getty Images We are updating our coverage of DSM-Firmenich (OTC:DSFIY)(OTC:DSMFF) after the company delivered full-year 2023 financial results, and made some additional announcements like the planned separation of their Animal Nutrition & Health business. In our last article, we gave the company a “Neutral” rating given its strong competitive moat, balanced with shares…
Marco Garcia/Getty Images Entertainment Summary Hawaiian Holdings (NASDAQ:HA) is a US airline that offers both cargo and passenger flights between Hawaii and the neighboring islands. One of its most important routes is the connection between Hawaii and Japan. In December 2023, it was announced that the company was to be acquired by Alaska Airlines (ALK)…
Jeff Swensen/Getty Images News Introduction It’s time to talk about the United States Steel Corporation (NYSE:X), one of the cyclical steel stocks I have had on my radar for many years. My most recent article on the stock was written on November 2, when I went with the title “U.S: Steel Is A Buy In…
8vFanI Business Development Companies, BDCs, have had a bit of a windfall from rising rates in 2023 due to the fact that most of them have a high % of floating rate investments, with a lower rate of floating rate borrowings. Company Profile BlackRock TCP Capital Corp (NASDAQ:TCPC) is an externally-managed specialty finance company focused…
This article was written by Follow I am an experienced individual investor who has been trading merger arbitrage stocks and options since the 90’s. I am a writer with a Master of Science from Northwestern University and I truly enjoy writing articles about the stock market. I try to look for opportunities where the odds…
Anadolu/Anadolu via Getty Images Sunoco (NYSE:SUN) made headlines this week when it announced it was acquiring NuStar Energy (NYSE:NS) in a $7.3 billion deal. In my initial write-up on the stock in September, I said it was a solid option for income-oriented investors, but I did not like its incentive distribution rights (“IDRs”). More recently…
NurPhoto/NurPhoto via Getty Images Investment Thesis Almost 11 months have passed since I first covered Kroger (NYSE:KR) and assigned the stock a “Buy” rating. Despite the stock substantially lagging behind the S&P 500 over the same period, it is difficult for me to say that my bullish thesis did not age well. KR delivered a…
Seibel Photography LLC/iStock Editorial via Getty Images Alaska Air Group (NYSE:ALK) and Hawaiian Holdings (NASDAQ:NASDAQ:HA) announced their merger December 3rd, 2023. Alaska Air Group’s shares experienced a quick drop that appears to have been recovered and sent Hawaiian Holdings’ shares soaring. HA shareholders will receive $18.00 in cash if the merger is ultimately completed. That’s…
Alexey Bakharev Introduction Frontline plc (NYSE:FRO) is a global leader in the seaborne transportation of crude oil and refined products. The company operates a fleet of tankers of various sizes, primarily Very Large Crude Carriers (VLCCs), Suezmaxes, and Aframaxes. At present, Frontline is actively managing its fleet to optimize utilization rates, adhering to strict environmental…
Jeremy Poland Disclaimer: I’m not a geopolitical expert and this is all speculation on my part. The information presented is merely an exercise of thought and should be taken with a grain of salt. All opinions expressed are my own based on news releases that may or may not encompass all material information relating to…
InfinitumProdux Note: Please be aware that I have previously discussed Danaos (NYSE:DAC) on multiple occasions, so consider piece this as a follow-up to my earlier writings about the company. When Danaos’ leadership made the strategic decision to invest in Eagle Bulk (NYSE:EGLE) last summer, acquiring a substantial 16.7% stake in the company, I initially harbored…
Chun han There are rumors floating around that Southwestern Energy (NYSE:SWN) is considering a merger with Chesapeake (CHK). As I have discussed in the past, both managements could use a serious upgrade. But there are attractions in that these companies operate in both the Marcellus and the Haynesville. So, there could be some attraction in…
Dimitrios Kambouris/Getty Images Entertainment The reaction by Wall Street analysts regarding a possible merger between the two media companies was largely negative. Warner Bros. shares fell 5% on the news. Shares of both Warner Bros. Discovery (NASDAQ:WBD) and Paramount Global (PARA) have performed horribly, with both down over 50% since April 2022. They have been…
Erik Khalitov/iStock Unreleased via Getty Images Every year around this time we begin to see story upon story “predicting” what the new year may bring in various fields. One of the more popular is in the world of media where there is no shortage of juicy rumors just begging for coverage. However, this year before…
The media shake-up has intensified amid changing advertising trends fueled by the rise of X platform backed by tech billionaire Elon Musk. Warner Bros Discovery Inc (NASDAQ: WBD) and its media rival company Paramount Global (NASDAQ: PARA) are reportedly in early merger talks, according to people familiar with the matter. The two media houses intend…
ryasick BlackRock Capital Investment (NASDAQ:BKCC) is a small BDC following a first lien strategy and the company’s portfolio has fundamentally improved in quality in the last several years. In September, the BDC announced the merger between BlackRock TCP Capital (TCPC) and BlackRock Capital which is set to a larger, better diversified portfolio that will follow…
The collaboration between Osmosis and the UX chain will focus on addressing potential security vulnerabilities and shared liquidity to enhance growth prospects. The ultimate growth of blockchain technology has been pegged to the multi-chain capabilities, whereby the Cosmos (ATOM) network has described it as blockchain 3.0. In the context of multichain capabilities, Osmosis (OSMO), a…
Hawaiian Airlines Airbus A330 mixmotive While the spotlight in the airline industry is on the combination of JetBlue (JBLU) and Spirit Airlines (SAVE), Alaska Air Group (NYSE:ALK) is stealing some of the thunder as it announced an agreement with Hawaiian Holdings (NASDAQ:HA) to combine. In this report, I will be discussing the details of the…
We Are Unity (NYSE:U) will be going through some drastic changes throughout the next quarter as James Whitehurst seeks to turn around the firm. As Unity has faced several challenges throughout the last few years between client revenue reporting errors and shareholder litigation resulting from the merger with ironSource, and now a significant corporate restructuring,…
wildpixel MidCap Financial (NASDAQ:MFIC) unexpectedly announced a plan for growth through mergers at its last conference. In the past, our multitude of articles focused on predicting future performance and dividends for either Apollo or its new name, MidCap Financial. Although many questions appear with mergers, the first and most important one concerns dilution. Will the…
OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman. Artificial Intelligence (AI) company Anthropic may have just refused to enter into a merger deal with OpenAI. According to a report by The Information and another report by Reuters, OpenAI’s board of directors put forward the offer following last week’s…
Justin Sullivan/Getty Images News All eyes right now are on the US Justice Department’s suit to block JetBlue (JBLU) from acquiring Spirit Airlines (NYSE:SAVE) for $3.8 billion, almost three times Spirit’s current market cap. Clearly the market doesn’t believe the deal will go through. Spirit’s stock price has hovered in the high teens for more…
mohd izzuan/iStock via Getty Images Each quarter, I compile the top 10 stocks held in the funds that specialize in merger stocks and share it with our Seeking Alpha community. My rules: I only count a stock if it is at least 1% of the fund’s portfolio. I only include stocks that are still actively…
The new company will have a greater mining capacity than Hut 8. It will also have a more diverse revenue stream than its constituents. Pursuant to its pending merger with US Bitcoin Corp., Hut 8 Mining Corp. has announced the approval of its registration statement by the United States Securities and Exchange Commission (SEC). The…
Monty Rakusen I have been interested in the 3D printer or additive manufacturing market. Having used small scale hobby printers and slightly larger ones within businesses that I operate. I see a lot of growth potential within 3D manufacturing at both a large and small scale. I began my hunt for any 3D printing stocks…
Matteo Colombo Investment Briefing Broad-based utility companies are currently in a favourable position to capture risk premia stemming from various macro-crosscurrents. In light of this, it is prudent to consider screening the larger providers. Under this convention, PNM Resources, Inc. (NYSE:PNM) came onto our radar as a potentially selective opportunity. PNMR is a holding company…
The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets. In a recent development, Hut 8 Mining Corp (NASDAQ: HUT) has received final approval from the British Columbia Supreme Court for its merger with US Bitcoin…
Moussa81 Part I – Introduction Toronto-based Kinross Gold Corporation (NYSE:KGC) released its second quarter 2023 results on August 2, 2023. Note: I have followed KGC quarterly since 2015. This new article is a quarterly update of my article published on May 22, 2023. Kinross Gold owns a high-quality assets portfolio: KGC owns six producing mines…
WestRock Company (NYSE:WRK) Smurfit Kappa and WestRock Merger Announcement September 12, 2023 8:00 AM ET Company Participants Tony Smurfit – CEO, Smurfit Kappa Group Plc David Sewell – CEO Conference Call Participants George Staphos – Bank of America Merrill Lynch Justin Jordan – Davy Lars Kjellberg – Credit Suisse Charlie Muir-Sands – BNP Paribas Gabe…
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well…
In the heart of the rapidly evolving EV market in the United States, the Vietnamese automaker is confidently carving out its niche. Vietnamese Electric Vehicle (EV) manufacturer, VinFast is set to debut on the tech-focused Nasdaq Composite (INDEXNASDAQ: .IXIC) this morning in New York. This significant step follows the successful completion of its merger with…
Phiromya Intawongpan The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers. Data is taken from the close of…
David McNew PacWest Bancorp (NASDAQ:PACW) finally reported much-awaited results for the second quarter after the market closed on Tuesday. Just before the market closed, speculation swirled on rumors that the regional bank was set to merge with regional banking rival Banc of California (BANC), causing shares to plunge by almost 30%. Rumors were later confirmed…
Gajus The Merger Deal On July 25, PacWest Bancorp (NASDAQ:PACW) and Banc of California, Inc. (NYSE:BANC) announced their merger in an all-stock transaction. This article starts with a background prior to the merger deal, unpacks key transaction terms, assesses both the tactical and strategic merits of the deal, helps readers to understand each player’s point…