$HWCC to be Acquired by OmniCable in $91 Million TransactionHouston Wire & Cable Company to be Acquired by OmniCable in $91 Million Transaction.
HWCC Stockholders to Receive $5.30 per Share in Cash
The transaction is expected to close following HWCC’s Annual Meeting of Stockholders, scheduled for May 25, 2021
finance.yahoo.com
Acquisitons
$WIFI to be Acquired by Digital ColonyBoingo Wireless to be Acquired by Digital Colony
Boingo Shareholders to Receive $14.00 per share in Cash Transaction Valued at Approximately $854 Million.
Leading Digital Infrastructure Investment Firm, Digital Colony, Uniquely Positioned to Continue Investing in Boingo’s Diverse Network.
Boingo to Become a Privately Held Company Upon Completion of Transaction.
Digital Colony will acquire all the outstanding shares of Boingo common stock for $14.00 per share in cash through a merger, in a transaction valued at approximately $854 million, including the assumption of $199 million of Boingo’s net debt obligations. The acquisition price represents a 23% premium to Boingo’s closing price of $11.40 on February 26, 2021.
expected to close in the second quarter of 2021.
finance.yahoo.com
ICON to Acquire PRA Health Sciences, Creating a World LeaderICON to Acquire PRA Health Sciences, Creating a World Leader in Healthcare Intelligence and Clinical Research
The combined business will be no. 1 or 2 in key clinical market segments and have formal strategic partnerships with a majority of the top 20 biopharma companies, providing a platform for growth and innovation.
A cash and stock transaction valued at approximately $12 billion, with the per share merger consideration consisting of $80 in cash and 0.4125 shares of ICON stock. The consideration represents an approximately 30% premium to PRA’s closing price as of February 23rd, 2021.
The transaction is anticipated to be highly accretive delivering double-digit accretion in the first full year and growing to 20%+ thereafter, driven by growth momentum, estimated annual run-rate cost synergies of $150 million, and the combined effective tax rate decreasing to 14%, both to be realised in approximately 4 years.
finance.yahoo.com
Goodyear to Acquire $TCB Creating Stronger U.S.-Based LeaderGoodyear to Acquire Cooper, Creating Stronger U.S.-Based Leader in Global Tire Industry
Strengthens Leadership Position in Global Tire Industry
- Combines Two Complementary Brand Portfolios with a Comprehensive Offering Across the Value Spectrum
- Provides Significant, Immediate and Long-Term Financial Benefits
- Opportunity to Create Additional Value from Manufacturing and Distribution
- Increases Scale to Support Investments in New Mobility and Fleet Solutions
The transaction is expected to close in the second half of 2021.
finance.yahoo.com
$PGR Expand Commercial Lines Products with Acquisition of $PTVCBProgressive Expands Commercial Lines Products with Acquisition of Protective Insurance
Leader in Commercial Auto Insurance Seeks to Expand Capabilities
Protective Shareholders to Receive $23.30 Per Share in Cash
$PGR and $PTVCB today announced that they have entered into a definitive agreement under which Progressive has agreed to acquire all of the outstanding Class A and Class B common shares of Protective for $23.30 per share in cash, for a total transaction value of approximately $338 million.
The acquisition is expected to close prior to the end of the third quarter of 2021.
This move allows us to add products that will help us support larger fleets and brings expertise in workers’ compensation coverage for the transportation industry, which are new areas of business for us and can help us to meet the needs of our commercial customers.
finance.yahoo.com
$MGNI Surges on Its $1.17 Billion Deal for SpotX$MGNI Magnite to Acquire SpotX
Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. SpotX is one of the leading platforms shaping CTV and video advertising globally.
Deal Creates Largest Independent CTV & Video Advertising Platform
Full year 2020 combined company estimated non-GAAP net revenue would have been $350 million on a pro forma basis(1)(2)
Combined company Connected TV (CTV) & video net revenue would have represented approximately 67% of total company preliminary non-GAAP pro forma net revenue(1)(2) in Q4 2020
On a combined basis, the CTV business would have nearly tripled to $42 million in Q4 2020 versus Magnite standalone, or approximately 34% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2)
The non-CTV video business of the combined company would have represented approximately 33% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2)
SpotX total preliminary non-GAAP net revenue(1)(2) for 2020 was $116 million, of which $67 million was CTV
Purchase price consists of $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021
Magnite’s preliminary results for Q4 2020 include
GAAP Revenue of $82 million, up 69% on an as-reported basis, and up 20% on a pro forma basis from Q4 2019, with CTV revenue of $15.3 million, up 53% on a pro forma basis(1)
Net income of $5.8 million and Adjusted EBITDA(3) of $29.9 million, representing a 36% adjusted EBITDA margin(4)
Together, Magnite and SpotX will serve some of the world’s leading programmers, broadcasters, platforms and device manufacturers, including A+E Networks, Crackle Plus, The CW Network, Discovery, Disney/Hulu, Electronic Arts, Fox Corporation, fuboTV, Microsoft, Newsy, Philo TV, Pluto TV, Roku, Samsung, Sling TV, Tubi, ViacomCBS, Vizio, Vudu, WarnerMedia and Xumo.
finance.yahoo.com
Atlantic Power Agrees to be Acquired by I Squared CapitalAtlantic Power Agrees to be Acquired by I Squared Capital
Common shareholders to receive US$3.03 per share in cash, representing a 48% premium to the 30-day volume weighted average price per common share on the NYSE
- Convertible debentures to be converted to common shares, including a make whole premium; following conversion, debenture holders will receive US$3.03 per share in cash
- Preferred shareholders and medium term noteholders to receive cash representing meaningful premiums to recent trading prices.
The total enterprise value of the deal is approximately US$961 million (based on current foreign exchange rates) and the transaction was unanimously approved by Atlantic Power's board of directors.
Atlantic Power's 6.00% Series E Convertible Unsecured Subordinated Debentures due January 31, 2025 will be converted into common shares of Atlantic Power immediately prior to the closing of the transaction based on the conversion ratio in effect at such time (including the "make whole premium shares" issuable under the terms of the trust indenture for the convertible debentures following a cash change of control).
Holders of the convertible debentures will receive US$3.03 per common share held following the conversion of the convertible debentures, plus accrued and unpaid interest on the convertible debentures up to, but excluding, the closing date of the transaction.
finance.yahoo.com
$BYOC Releases Massive Acqistn News 1 of 3 to 4 Multi-Mil DlsBeyond Commerce released news of its first multi-million dollar deal worth $25.7 Million dollars yesterday after signing a business combination agreement with Service 800 www.otcmarkets.com
The company currently employs 342 employees and has two offices in Hong Kong, one office in London and an office in the United States.
However the best news yesterday was the latest filing by $BYOC showing over 500,000,000 Common Shares are locked up by Institutional Investors! Which makes the tradable float around $200 Million only
www.otcmarkets.com
The company will be releasing further updates in the coming weeks.
