Streetbeat News

TWOA

two

Industry

Electronic Shopping

Open

6.09

Mkt cap

102M

Volume

64K

High

12.78

P/E Ratio

118.89

52-wk high

12.97

Low

5.59

Div yield

N/A

52-wk low

5.59

TWOA and LatAm Logistic Properties have announced the effectiveness of their registration statement on Form F-4, a significant step towards their business combination. This move indicates progress in their merger process, signaling potential growth and expansion opportunities for both entities.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:52 am

TWOA has announced a private placement of 1.5 million shares at $10 each, totaling $15 million, in connection with its merger with LatAm Logistic Properties (LLP). This merger will result in the creation of a new holding company, Logistic Properties of the Americas (Pubco), which will become the publicly traded parent company of TWOA and LLP. The transaction, aimed at strengthening their position in the industrial and logistics real estate sector in Central and South America, is expected to close with Pubco's shares listed on the NYSE under the ticker 'LPA'.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:14 pm

TWOA and LatAm Logistic Properties announced the public filing of a registration statement on Form F-4 with the SEC, in connection with their proposed business combination. The transaction, which was agreed upon on August 15, 2023, will result in LLP becoming a publicly traded company with shares listed on the NYSE under the ticker 'LLP'. The deal is expected to close in Q1 2024, subject to SEC approval, regulatory and shareholder approvals, and other closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:04 pm

Home Depot reported a 2% YoY sales decline in Q2 FY23, beating analyst consensus. Philips is recalling several ventilators due to dust and dirt issues, classified as 'most serious' by the FDA. Tencent Music reported a 5.5% YoY revenue growth in Q2, missing consensus. Cardinal Health reported a 48% YoY increase in Q4 FY23 adjusted EPS, beating consensus. Pfizer received FDA approval for its blood cancer therapy. LatAm Logistic Properties is going public via a $578M SPAC merger. Experian was charged by the FTC for spamming consumers. Amazon's Devices Chief, David Limp, announced his retirement. First Solar's internal audit revealed instances of forced labor in its Malaysian operations. Ryanair expects to exceed its monthly passenger record in August.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 1:59 pm

LatAm Logistic Properties (LLP), a developer, owner, and manager of industrial and logistics real estate in Central and South America, is set to go public via a $578 million SPAC merger with Two (NYSE:TWOA). The combined company will have a post-transaction enterprise value of $578 million. The business combination is expected to close in Q4 2023. Following the merger, the company's shares will trade on the NYSE under the ticker symbol 'LLP'.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 12:53 pm

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