Here are three takeover targets for the week - |
Global Blue Group Holding AG – SYM: GB
Recent Price: $7.31
Takeover Action: Shift4 Payments, Inc. entered a merger agreement to acquire Global Blue Group Holding AG in a deal valued at $2.5 billion. Under the terms of the agreement, Shift4 intends to acquire Global Blue for $7.50 per common share in cash, through a tender offer and a subsequent statutory squeeze-out merger.
Description: Global Blue Group Holding AG, together with its subsidiaries, provides technology and payments solutions for merchants, acquirers, customs, authorities, travelers, shoppers, and guests in Europe, the Asia Pacific, and internationally. It operates in three segments: Tax Free Shopping (TFS); Payments; and Post-Purchase Solutions (PPS). The company offers TFS, a value-added tax (VAT) refund service that allows eligible shoppers to reclaim VAT on goods purchased outside of their home country; and intelligence and marketing services. It also provides payment services, which enables customers to pay in their choice of preferred currency, home or destination, and at the point of sale (POS) when shopping outside of their home country. In addition, the company offers currency conversion services for POS, e-commerce return solutions, dynamic currency conversion (DCC) services, and DCC services at automated teller machines, as well as multi-currency processing services for online retailers. Further, the company provides ZigZag, a technology platform that fully digitalizes the e-commerce returns experience and enhances the process for both retailers and consumers; ShipUp, a post-purchase engagement solution for online purchases enabling brands to deliver seamless, proactive, and branded post-purchase communication; and Yocuda that enables retailers to send digital receipts to their customers. Global Blue Group Holding AG was founded in 1980 and is headquartered in Wangen-Brüttisellen, Switzerland.
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Anterix Inc. – SYM: ATEX
Recent Price: $40.66
Takeover Action: Anterix announced that after receiving takeover interest in the company, it has engaged Morgan Stanley as its financial advisor to support a formal strategic review process for the company.
Description: Anterix Inc. operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and broadband solutions. It offers CatalyX, a turnkey connectivity management solution platform. The company also holds licensed spectrum in the 900 MHz band with coverage throughout the United States. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.
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Two Major Trends to Survive in Options Trading
Bloomberg just reported that more than HALF of all trading in U.S. stocks is made outside the country’s exchanges, like dark pools.
“For the first time on record, the majority of all trading in US stocks is now consistently occurring outside the country’s exchanges, according to data compiled by Bloomberg.”
In fact, the off-exchange activity is on course to account for a record 51.8% of traded volume in January.
Click here to claim FREE dark pool alerts now. |
H&E Equipment Services, Inc. – SYM: HEES
Recent Price: $100.35
Takeover Action: Herc Holdings entered a merger agreement to acquire H&E Equipment Services, Inc. in a cash and stock deal worth $5.66 billion. Under the terms of the agreement, Herc intends to commence a tender offer to acquire all of the outstanding shares of H&E common stock for a per-share value of $78.75 in cash and 0.1287 shares of Herc common stock, representing a total value of $104.89 per share.
Description: H&E Equipment Services, Inc. operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis. The Sales of Rental Equipment segment sells used equipment from its rental fleet. The Sales of New Equipment segment sells new construction equipment through a professional sales force. The Parts Sales segment provides parts to its rental fleet and sells parts for the equipment, as well as maintains parts inventory. The Repair and Maintenance Services segment provides maintenance and repair services to its rental fleet and customers' equipment at its facilities, as well as at customers' locations. It also provides ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company's rental fleet consists of aerial work platforms, cranes, earthmoving and material handling equipment, and other general and specialty lines. It serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.
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