eResearch

Nordstrom Family Leads $6.25 Billion Go Private Deal

December 27, 2024 Chris Thompson

Nordstrom is set to go private in a $6.25 billion deal led by the Nordstrom family and Mexican retail giant Liverpool. Shareholders will receive $24.25 per share, a 42% premium to pre-deal speculation. The move aligns with industry trends, as department stores adapt to online competition and shifting shopping habits. Going private could provide Nordstrom greater flexibility, supported by Liverpool’s expertise in e-commerce and logistics. The deal, expected to close in the first half of 2025, requires shareholder and regulatory approval. Nordstrom will retain its headquarters, management team, and iconic brand identity. [more]

Proofpoint Stockholders Approve $12.3B Thoma Bravo Acquisition

July 26, 2021 Chris Thompson

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]

Endeavour to Buy Teranga Gold for $2.4B

November 18, 2020 Chris Thompson

London-based Endeavour Mining plans to buy Teranga Gold in an all-stock deal worth about $2.44B. With 12.8M ounces of gold resources, the transaction values Teranga at over US$191 per resource ounce. Egyptian billionaire Naguib Sawiris injects $200M million into the deal. [more]

Yamana to Acquire Monarch Gold for C$200M

November 8, 2020 Chris Thompson

The consideration to be paid by Yamana consists of approximately C$60.8M in cash, C$91.2M in Yamana shares, and a newly-formed spin-out company valued at C$47.5M. With over 3 million ounces of gold resources, the transaction values Monarch at over US$43 per resource ounce or over US$86 per reserve ounce. [more]

Goodfood Reports Exceptional Quarterly Results & then Raises $35 Million

July 15, 2020 Camille Coulibaly

Quarterly revenue reached $86.6M, up 74% year-over-year. For the first time, the meal-kit provider & online grocer reported positive Net Income and positive EBITDA. Buoyed by the financial results, Goodfood announced a C$35 million bought deal financing at a price of C$6.05 per share. [more]