Spinoffs & Takeovers Hotline – Friday, October 18, 2024

MODINE MANUFACTURING CO., $132.79, symbol MOD on New York, provides thermal management products and solutions to customers in the commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (“HVAC&R”) markets. In addition, it provides engineered heat transfer systems and high-quality heat transfer components.

In the… Read More

Q: Hello, all. Could you please provide your opinion of Enterprise Product Partners (EPD on New York)? Thank you.

A: Enterprise Products Partners L.P., $22.01, symbol EPD on New York (Shares outstanding: 2.2 billion; Market cap: $48.0 billion; www.enterprisepartners.com), is a master limited partnership that provides energy infrastructure, including pipelines, storage, natural gas processing, fractionation, and import/export terminals. It went public in July 1998 with… Read More

Q: Hi, Pat. Thank you for your wealth of investment knowledge over the years it has helped my family build a good financial foundation for the present and future. Please, tell us more about Real Matters Inc. (REAL) on Toronto. Look forward to your reply. Thanks.

A: Real Matters Inc., $11.85, symbol REAL on Toronto (Shares outstanding: 84.9 million; Market cap: $957.7 million; www.realmatters.com), provides technology and network management solutions to the mortgage lending and insurance industries in Canada and the U.S. The company is based in Markham, Ontario. Its clients… Read More

Q: Pat, may I have your thoughts on Dream Industrial REIT? This warehouse REIT appears to be a great way to gain exposure to the online shopping phenomenon.

A: Dream Industrial REIT, $7.98, symbol DIR.UN on Toronto (Units outstanding: 152.2 million; Market cap: $1.2 billion; www.dreamindustrialreit.ca), offers investors a  portfolio of industrial properties in North America and Europe.

The REIT, originally named Dundee Industrial REIT, first sold units to the public and began trading… Read More