Takeovers could be a gold mine these next few years and can lead to major upswings in your portfolio.
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Dada Nexus Limited – SYM: DADA Recent Price: $1.84
Takeover Action: Dada Nexus announced that its Board of Directors received a preliminary non-binding proposal letter from JD.com. The proposal outlines JD.com’s intent to acquire all outstanding ordinary shares of the company at a purchase price of $2.00 per American Depositary Share (ADS), or $0.50 per Ordinary Share, payable in cash. Description: Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners. The company was incorporated in 2014 and is headquartered in Shanghai, China. |
Brighthouse Financial, Inc. – SYM: BHF Recent Price: $61.47
Takeover Action: The Financial Times reported that Brighthouse Financial is seeking to sell itself, with some of the most prominent private capital managers expected to make bids for the US provider of life insurance and annuities. Brighthouse is working with bankers at Goldman Sachs and Wells Fargo to consider offers for the whole company or separately to raise minority equity. Description: Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security. The Life segment offers term, universal, whole, and variable life products for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. Brighthouse Financial, Inc. was founded in 1863 and is headquartered in Charlotte, North Carolina. |
CSG Systems International, Inc. – SYM: CSGS Recent Price: $58.14
Takeover Action: Reuters reported that Japanese technology group NEC Corp has been talking to its advisers about the possibility of making an offer for CSG Systems. Tokyo-based NEC has been working with investment bankers at Morgan Stanley on a potential offer for CSG, which has explored a sale over the past year. Description: CSG Systems International, Inc., together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc. The company also provides a public SaaS-based revenue management and payments platform. In addition, it offers managed services; and professional services to implement, configure, and maintain its solutions, as well as licenses various solutions, such as mediation, partner management, rating, and charging. Further, the company provides operational services, including infrastructure management comprised of hardware, application, and environmental management; application configuration management, such as configuration development, release, and deployment; and business operations management, which includes event processing, revenue management, and settlement. It serves retail, financial services, healthcare, insurance, and government entities. The company was incorporated in 1994 and is headquartered in Englewood, Colorado. |
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