The new year has seen a wave of M&A activity in the transportation sector. Experts believe it may be a sample of what’s to come this year. The freight transportation industry experienced considerable activity in the second half of 2020. This activity occurred despite the restrictions on deal-making due to [...]
Lanxess AG, a German specialty chemicals company based in Cologne, Germany, recently announced that it had agreed to buy Coca-Cola Co.-supplier Emerald Kalama— the world’s largest producer of benzoic acid—for $1.08 billion. Lanxess is moving forward from what was once a mishmash of chemical assets from Bayer AG. The acquisition [...]
More investment cash is flowing into the digital infrastructure sector. Investors are eying new targets as the pandemic seems to be getting under control. The move shows that a new wave of mergers and acquisitions is in the offing. The news recently signaled that there are two new special purpose [...]
Image credit: Tim Gouw on Unsplash A PIPE, or private investment in public equity, is a private placement of securities in a public company. This investment opportunity is only available to accredited investors, deemed to meet certain qualification standards as defined by the Securities and Exchange Commission (SEC). Historically, investors [...]
Jazz Pharmaceuticals PLC’s recent $7.2 billion acquisition of GW Pharmaceuticals PLC is the largest deal to date in the cannabis industry. And experts say it’s likely just the beginning. The deal is for $7.2 billion in stock and cash. Every GW Pharmaceuticals shareholder will receive $20 in Jazz ordinary shares [...]
In 1994, the vice president of a hedge fund, 30-year-old Jeff Bezos, quit his job at D. E. Shaw & Co. to start his own internet-based bookstore. Amazon launched a year later in July 1995, and within two months, the company sold books in all 50 states. Nonetheless, Bezo’s company [...]
Electric vehicle image credit: Mmovchin Churchill Capital Corp IV, a blank-check company, saw its stock price surge amid rumors that it was planning to merge with Lucid Motors. Lucid Motors is an electric vehicle startup targeting the high-end luxury market. The value of the transaction could be up to $15 [...]
8VC, a major Silicon Valley venture capital firm led by Joe Lonsdale, has revealed that it is relocating to Austin, Texas. The move follows a wave of prominent moves to the growing tech hub. Dubbed the “Silicon Hills” of Texas, a number of Silicon Valley companies have recently announced plans [...]
Tootsie Roll Industries, the company behind a number of classic candies including their namesake chocolate taffy-like candy as well as Junior Mints, Charms lollipops, and Razzles, unexpectedly came into the media spotlight recently. Founded in 1896 by an Austrian immigrant, the company has traditionally maintained a low corporate profile. Who [...]
TCV image credit: Arip Santoso The Silicon Valley venture capital firm TVC has helped some of world’s most well-known technology companies. The firm announced in January 2021 that it raised a record $4 billion fund. It is by far the largest fund in TCV’s 25-year history. It is also $1 [...]
Image credit: News Center Maine A superior court judge in Maine recently dismissed a lawsuit objecting to the merger of a hospital in Dover-Foxcroft. The former Mayo Regional Hospital is now a part of Northern Light Health. The Northern Light Mayo Hospital provides advanced medical services to more than 26,000 [...]
UPS image credit: Parcells UPS recently announced that it was selling its less than load (LTL) and truckload business. TFI International will buy that business, UPS Freight, for $800 million. The companies expect to complete the deal in the second quarter of 2021. The deal is subject to working capital [...]
In many large initial public offerings (IPOs), the bank underwriters decide to exercise their “greenshoe option” to sell additional company shares. This special share arrangement is formally known as the “over-allotment option”. Companies such as Facebook, Alibaba, Exxon Mobil and Saudi Aramco have utilized this option following their respective debuts [...]
The last week of January 2021 unexpectedly turned out to be a wild week for stock markets and online forums focused on trading advice. It also cast an unlikely spotlight on a few previously anonymous day traders and their clashes with Wall Street. At the center of the story were [...]
SPACs, or special purpose acquisition companies, surged into popularity in 2020. They have continued making headlines in 2021. With their limited downside and huge upside potential for companies and investors alike, SPACs are increasingly becoming a mainstream source of acquisition capital.U.S.-based SPACs raised $82 billion in capital in 2020, almost [...]
Oklahoma recently proposed consumer data privacy legislation. The Oklahoma Computer Data Privacy Act (OCDPA) was filed on January 19, 2021 for consideration in the State’s 58th Legislative Session, which starts in February.Representatives Josh West, R-Grove, and Representative Collin Walke, D-Oklahoma City, sponsored the bipartisan legislation, House Bill 1602.The Consumer Data [...]
Growth equity firms have been one of the fastest growing segments of the private equity industry. This industry lies somewhere at the intersection of the private equity and venture capital industries, carrying elements of both. In many ways, they offer the best of both worlds. They fall in between private [...]
The United Kingdom is finally joining in the global resurgence in mergers and acquisitions. The COVID-19 pandemic severely impacted the United Kingdom, just as it did so many other countries and companies. The worst economic contraction in 300 years saw the country’s M&A activity shut down in the early summer [...]
Image credit: @LumentumLumentum Holdings has announced an agreement to purchase the laser manufacturer Coherent in a cash-and-stock deal valued at $5.7 billion.Deal DetailsUnder terms of the agreement, Coherent shareholders will receive $100 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. A [...]
Smaller companies often face tighter lending requirements. They generally have non-investment grade ratings and therefore can struggle to obtain debt financing from banks. As a result, these higher risk companies look for alternative financing sources. There are a variety of alternative financing arrangements that help to fund smaller-sized companies. The [...]
