Takeover deals can be a signal of positive market sentiment, indicating that the acquiring company is confident in its growth prospects and is willing to invest in expanding its market share. Such deals often lead to an increase in stock prices as they indicate potential value creation and synergies for the acquiring company. Takeover deals may provide an opportunity for investors to capitalize on market inefficiencies and earn profits through arbitrage strategies, such as buying the target company’s stock at a discount to the offer price and profiting from the price convergence upon deal completion.
Here are three takeover targets for the week –
BEST Inc. – SYM: BEST
Recent Price: $2.62
Takeover Action: BEST Inc. (BEST) an integrated smart supply chain solutions and logistics services provider in China and Southeast Asia announced that its board of directors has received a preliminary non-binding proposal letter to acquire all of the outstanding ordinary shares of the Company, including the Class A ordinary shares represented by the American Depositary Shares of the company that are not already beneficially owned by the Buyer Group for a proposed purchase price of US$0.144 per Ordinary Share or US$2.88 per ADS in cash.
Description: BEST Inc. operates as a smart supply chain service provider. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
Buffet’s big bet against Biden
Warren Buffett just made a $40 Billion bet against President Biden, and nobody seems to have noticed. Look into it, what you find might shock you. It looks like Buffett’s big bet could trigger a stock market event that hasn’t happened since 1984. A tidal wave of stock gains in “America’s Most Hated Sector.” When this catches mainstream attention, they’ll paint Buffett as a villain…and if Buffett is even half right about his prediction, this company’s stock will go BANANAS. But, it could already be too late.
Click here for more details.
Velo3D, Inc. – SYM: VLD
Recent Price: $1.28
Takeover Action: According to Bloomberg, Velo3D Inc., (VLD) a metal 3D printing technology company, is exploring strategic options including a potential sale.
Description: Velo3D, Inc. produces metal additive three dimensional printers in the United States and internationally. The company’s printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses. It offers Flow, a proprietary software platform, which scans part designs for geometrical features; Sapphire and Sapphire XC printers; Assure, a quality control software platform that includes process metrologies; and Intelligent Fusion, an underlying manufacturing process that unifies and manages the information flow, sensor data, and the advanced printing technology for precision control of the entire print. The company also provides support services. Its customers range from small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, energy, and industrial markets. The company was founded in 2014 and is headquartered in Campbell, California.
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Zynex, Inc. – SYM: ZYXI
Recent Price: $9.02
Takeover Action: According to Bloomberg, Zynex (ZYXI) has initiated a process to review potential strategic alternatives that could include a sale.
Description: Zynex, Inc., together with its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain; and activate and exercise muscles for rehabilitative purposes with electrical stimulation. The company offers NexWave, a dual channel, multi-modality interferential current, transcutaneous electrical nerve stimulation, and neuromuscular electrical stimulation (NMES) device that is marketed to physicians and therapists by field sales representatives; NeuroMove, an electromyography and electric stimulation technology device; InWave, an electrical stimulation product for the treatment of female urinary incontinence; and E-Wave, an NMES device. It also supplies private labeled products, including electrodes for the delivery of electrical current to the body, and batteries for use in electrotherapy products. In addition, the company distributes Comfortrac/Saunders for cervical traction, JetStream for hot/cold therapy, LSO Back Braces for lumbar support, and knee braces for knee support. Further, it offers Zynex Fluid Monitoring System (CM-1500), a fluid volume monitor, which is a non-invasive medical device for monitoring relative fluid volume changes used in operating and recovery rooms to detect fluid loss during surgery and internal bleeding during recovery; Zynex Wireless Fluid Monitoring System (CM-1600), a noninvasive monitoring device designed to measure relative changes in fluid volume in adult patients; NiCO CO-Oximeter, a laser-based noninvasive co-oximeter; and HemeOx tHb Oximeter, a laser-based total hemoglobin pulse oximeter. The company provides its products for use in pain management and control; stroke and spinal cord injury rehabilitation; hemodynamic monitoring; and pulse oximetry monitoring. It sells its products through direct sales force primarily in the United States. Zynex, Inc. was founded in 1996 and is headquartered in Englewood, Colorado.