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 –
MorphoSys AG – SYM: MOR
Recent Price: $17.15
Takeover Action: According to Reuters, Drug maker Novartis AG (NVS) is in advanced talks to acquire MorphoSys AG (MOR) a developer of cancer treatments that has a market value of 1.6 billion euros ($1.7 billion).
Description: MorphoSys AG, a commercial-stage biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutic antibodies for patients suffering from cancer and autoimmune diseases in the United States.
Reverse ‘money machines’ popping up across America
If you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling these machines a ‘Reverse ATM’. According to the New York Post, restaurants and other businesses are using them to avoid handling cash. They’ve been installed at places like Citizen’s Bank Ballpark in Philadelphia, Miami International Airport…And even at the Super Bowl.
Folks who understand the ‘Reverse ATM’ phenomenon before it becomes obvious to the average American, could actually profit in the weeks ahead.
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Enerplus Corporation – SYM: ERF
Recent Price: $15.55
Takeover Action: According to Reuters, U.S. oil and gas producer Devon Energy (DVN) has approached Enerplus (ERF) a peer with a market value of C$4 billion ($3 billion), with an acquisition offer.
Description: Enerplus Corporation, together with subsidiaries, acquires, develops, and explores crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
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Kohl’s Corporation – SYM: KSS
Recent Price: $27.18
Takeover Action: According to Reuters, Vision One Management Partners, a fund co-founded by former Canadian Prime Minister Stephen Harper and former Carl Icahn protégé Courtney Mather has built a stake in Kohl’s and is pushing the company to sell itself.
Description: Kohl’s Corporation operates as a omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. Kohl’s Corporation was founded in 1988 and is headquartered in Menomonee Falls, Wisconsin.