Deal Dispatch: Altus Power, Motorsport Games Explore Options, True Value Goes Bankrupt, M&A Activity Lags
Portfolio Pulse from Anthony Noto
Altus Power and Motorsport Games are exploring strategic options to boost shareholder value, while True Value has declared bankruptcy. M&A activity in the U.S. and Canada is lagging compared to 2023, but the aggregate value of deals has increased.
October 21, 2024 | 6:46 pm
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POSITIVE IMPACT
Altus Power is exploring strategies to boost shareholder value with the help of Moelis & Company and Latham & Watkins, aiming to conclude by 2025.
Altus Power's engagement with Moelis & Company and Latham & Watkins to explore strategies indicates a proactive approach to enhance shareholder value, which is generally positive for stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bausch Health is addressing creditor concerns through the potential sale of Bausch + Lomb.
The potential sale of Bausch + Lomb could alleviate Bausch Health's debt concerns, positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Bausch + Lomb is considering a sale, with TPG and Blackstone placing a joint bid, amid creditor concerns.
The potential sale of Bausch + Lomb, with interest from major private equity firms, could lead to a positive revaluation of the company's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bit Digital has acquired Enovum Data Centers for $46 million, expanding its data center capabilities.
The acquisition of Enovum Data Centers by Bit Digital is likely to enhance its operational capabilities, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Longboard Pharmaceuticals is being acquired by H. Lundbeck A/S for $60 per share, with the deal expected to close in Q4 2024.
The acquisition of Longboard Pharmaceuticals by H. Lundbeck A/S at a premium price is likely to boost LBPH's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Motorsport Games is considering a sale or merger to fund the launch of Le Mans Ultimate on PlayStation and Xbox.
The potential sale or merger of Motorsport Games to fund a major product launch could increase investor interest and positively impact stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Universal Stainless & Alloy Products is being acquired by Aperam for $45 per share, expanding Aperam's reach in the U.S.
The acquisition by Aperam at a premium price is likely to positively impact USAP's stock price, as it provides a clear exit strategy for shareholders.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90