Streetbeat News

Acquisitions Mergers

BYNO

Sivers Semiconductors AB has decided to halt its de-SPAC merger discussions with byNordic Acquisition Corporation, allowing BYNO to pursue other merger opportunities. This decision removes market uncertainty regarding the merger.

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November 11, 2024 | 7:00 am

SXYAY

The article discusses the increased interest in Sika AG, a leader in specialty chemicals, due to its strong fundamentals, record sales, and strategic expansion, despite recent stock underperformance.

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November 11, 2024 | 4:00 am

VZ

Verizon, a veteran telecom giant, is known for its large dividend. However, an impending acquisition may complicate its investment appeal.

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November 10, 2024 | 8:15 pm

OBDC

Blue Owl Capital Corp. offers a well-covered 11% yield and trades at a 3% discount. The company has a strong portfolio of floating-rate debt investments, performing well in a rising rate environment. Despite potential earnings pressure from lower rates, its upcoming merger with Blue Owl Capital Corp. III is expected to enhance debt access and operational efficiencies.

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November 10, 2024 | 2:30 pm

AALBF

Aalberts, a company involved in HVAC and industrial technology, is trading at a discount despite its strong track record. It faces challenges in European construction but benefits from renovation needs, data center construction, and energy efficiency initiatives. New management introduces some risk, but the company's solid balance sheet and historical performance provide confidence.

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November 10, 2024 | 1:45 pm

GLPI

Gaming and Leisure Properties (GLPI) remains a strong pick in the net lease sector due to its attractive valuation and unique value drivers, despite a decrease in relative attractiveness compared to other net lease REITs. The company's disciplined capital investment and strategic acquisitions have contributed to impressive investment spreads and long-term shareholder value.

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November 10, 2024 | 11:15 am

BR

Broadridge Financial Solutions is expected to continue its high single-digit earnings growth, supported by its strong market position and resources for expansion. A Buy rating is maintained with a one-year price target of $247.53, indicating a potential 10% rise in share price.

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November 10, 2024 | 9:45 am

EMKR

Kahn Swick & Foti, LLC is investigating the proposed sale of EMCORE Corporation to Velocity One, focusing on the adequacy of the $3.10 per share offer and the process leading to it.

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November 10, 2024 | 3:30 am