A takeover is a term used to describe the acquisition of one company by another company. Sometimes the takeover is hostile.
Some takeovers work out well for the buyers, of course. This doesn’t diminish the inherent risk. More important, risk multiplies as takeovers become a habit.
Takeovers are more likely to succeed when the buyer is already a successful company and is under no pressure to buy anything. That way, the buyer can take its time and wait for a truly attractive, low-risk opportunity to come along.
A hostile takeover is when a company wants to acquire another company—but the management of the takeover target does not want to be taken over. Sometimes the takeover is then facilitated by going directly to the company’s shareholders. This typically provokes a fight with the target’s management.
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DYE & DURHAM LTD. $18 is a hold. The company (Toronto symbol DND, Manufacturing & Industry sector; Shares outstanding: 66.9 million; Market cap: $1.2 billion; Dividend yield: 0.4%; Takeover Target Rating: Medium; www.dyedurham.com) is a cloud-based software provider for legal and business professionals.
On July 17, 2020, Dye & Durham… Read More
On April 30, 2018, Pentair spun off its electrical unit as nVent Electric. Investors received one nVent share for each Pentair share they held.
After the split, both stocks moved sideways before dropping along with the market in March 2020 as the pandemic took hold. However,… Read More
COMCAST CORP. $43 is a hold. The company (Nasdaq symbol CMCSA; Consumer sector; Shares outstanding: 3.9 billion; Market cap: $167.7 billion; Dividend yield 2.9%; Takeover Target Rating: Lowest; www.comcast.com) is a global media business with five main businesses: Residential Connectivity & Platforms (cable TV systems), Business Services Connectivity, Media… Read More
On April 3, 2020, aerospace and military equipment maker RTX Corp. (formerly called Raytheon Technologies, New York symbol RTX) spun off its Otis (elevators) and Carrier (heating and air conditioning equipment) businesses. For each UTX share they held, investors received 0.5 of a share in… Read More
LAMB WESTON HOLDINGS INC. $76 is a buy. The company (New York symbol LW; Consumer sector; Shares outstanding: 142.6 million; Market cap: $10.8 billion; Dividend yield: 1.9%; Takeover Target Rating: Highest; www.lambweston.com) is a leading producer of frozen french fries, potatoes and other packaged vegetables.
Lamb Weston’s sales and earnings… Read More
These two medical-related spinoffs have struggled since they became separate companies. That has attracted the interest of activist investors. While that attention improves the prospects of both firms, we see better opportunities elsewhere.
KENVUE INC. $24 is a hold. The company (New York symbol KVUE; Consumer sector; Shares… Read More
Diversified manufacturer Honeywell recently announced that it will spin off its Advanced Materials business as a separate firm. That unit make a variety of products, ranging from body armour and pharmaceutical packaging to air-conditioning refrigerants and packaging films.
Activist investor Elliott Investment Management, which owns $5… Read More
GE VERNOVA INC. $343 is a hold. The company (New York symbol GEV; Manufacturing sector; Shares outstanding: 275.7 billion; Market cap: $94.6 billion; No dividend paid; Takeover Target Rating: Medium; www.gevernova.com) makes turbines and related equipment for gas-fired and nuclear power plants, plus equipment for wind farms.
On April 2,… Read More
On May 22, 2019, apparel maker VF Corp. spun off its Lee and Wrangler jeans business as the publicly traded Kontoor Brands. Investors received one share in Kontoor for every seven VF shares they held. So far, the split has produced mixed results. While the… Read More
A: Omai Gold Mines Corp., $0.16, symbol OMG on TSX Venture (Shares outstanding: 497.9 million; Market cap: $79.7 million; www.omaigoldmines.com), owns 100% of the past producing Omai gold mine in Guyana. The company currently does not generate revenue from the mine.
The history of the Omai… Read More
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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