With higher commodity prices, mining deals and M&A remained strong this summer with some of the larger deals earmarked to get companies closer to production. [more]
With significant expertise in the automotive and technology industries Lucid Motors merges with a SPAC from Churchill Capital, and raises $4.4 billion to boost its growth and manufacturing capacity to launch its EV later this year. [more]
Taboola, a leading content discovery and native advertising platform, entered into an agreement to acquire Connexity, a performance-marketing technology company, for $800 million. [more]
Zoom entered into two definitive agreements to acquire Five9, a leading contact center software based on cloud technology, for $14.7B and Kites, which provides real-time Machine Translation solutions. [more]
The easing of COVID pandemic restrictions has improved access to customer sites, and the pace of customer onboarding for mCloud is expected to accelerate in the US and Canada. The partnership with URBSOFT should help bring AssetCare™ to the oil & gas, retail, and real estate markets in the Middle East. [more]
The summer months typically are bearish months for the stock market. In our opinion, this scenario now seems to be unfolding. This month, August sees SIX new additions to the positive seasonality trends, EIGHT indexes/sectors have left the “podium”, and THREE are leaving later this month. Our complete chart is presented at the bottom of the article. [more]
The value of the Portfolio on July 30 was $535,900, up 7.2% from the $500,000 initial investment. For comparative purposes, the S&P/TSX Composite Index gained 2.8% since inception. [more]
Stock price up over 700% year-over-year. Peak’s management believes that the NASDAQ listing will attract new tech-centric institutional shareholders. Peak releases Revenue & EBITDA guidance and forecasts revenue of $104M in 2021 with EBITDA of $12.5M, ramping up to $624M of revenue in 2023 with EBITDA of $155M. Recent $52.6M financing to “unlock” new expansion and partnership opportunities. We are increasing our one-year target price to $11.00 from $4.80. [more]
Shareholders of Proofpoint (NASDAQ: PFPT), a leading cybersecurity and compliance company, approved the $12.3B all-cash offer from Thoma Bravo. The deal values Proofpoint at 8.3x EV to Revenue (2021 consensus estimate). [more]
Magna acquires Veoneer for $3.8 billion in cash. The combination of the two businesses and the addition of relevant engineering and software expertise, reinforce its portfolio and industry position. [more]
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