ALPN and VRTX may merge surge of bullish momentum LONGAlpine is a biotech stock that had an earnings report beating estimates two weeks ago. It
is now reaching for all-time highs. That said, it is burning cash just slowing down the burn.
Both revenue and earnings showed remarkable improvement as compared with the previous
quarter. The bullish momentum of price and volume is obvious on the weeky chart with
the print of a massive bullish engulfing candle. Another earnings report is
due in 4 weeks. In the meanwhile, the news catalyst is VRTX and ALPN may be merging.
www.tradingview.com /
I will take a risky long trade here with a stop loss at 50 and a profit first target
of 80 and the second at 90.
Merger
Paramount Stock Spikes 15% Amidst Merger Talks With SkydanceParamount Global ( NASDAQ:PARA ), the media conglomerate housing iconic assets such as Paramount Pictures, CBS network, and a slew of cable networks, finds itself at a crossroads. Recent developments hint at a potential sale, raising questions about the future of one of the entertainment industry's behemoths. Behind the scenes, the late Sumner Redstone's legacy looms large, influencing decisions and negotiations. Let's delve into the intricacies of this evolving narrative.
Redstone's Legacy:
Sumner Redstone, the visionary media mogul, built Paramount into a powerhouse, shaping the landscape of entertainment for decades. Now, his daughter Shari Redstone stands at the helm, steering the company through turbulent waters. Her preference for maintaining the integrity of Paramount's assets in any potential sale echoes her father's commitment to preserving his legacy. Redstone's influence transcends mere financial considerations; it's about safeguarding a heritage built on creativity and innovation.
The Potential Sale:
Speculation swirls around Apollo Global's interest in acquiring Paramount Global in its entirety. This development follows advanced talks between National Amusements Inc. (NAI) and Skydance, indicating a significant shift in the company's trajectory. Paramount Global's diverse portfolio, encompassing film studios, television networks, and streaming services, presents an enticing opportunity for prospective buyers. However, amidst the negotiations, the uncertainty surrounding the company's future looms large, posing challenges in deal-making and strategic planning.
Impact on Paramount's Operations:
The ongoing discussions surrounding Paramount's sale cast a shadow over its day-to-day operations. The looming prospect of new ownership introduces a level of ambiguity, complicating efforts to forge partnerships and secure talent. Creative minds within the industry may hesitate to commit to projects amidst the backdrop of impending change. Moreover, the uncertainty could potentially impact employee morale and productivity, underscoring the need for swift resolution.
The Legacy at Stake:
Beyond financial metrics and market dynamics, the sale of Paramount Global ( NASDAQ:PARA ) carries profound implications for the Redstone legacy. For Shari Redstone, preserving her father's vision is paramount, transcending the bottom line. Any decision regarding the company's future must honor its rich heritage while embracing opportunities for growth and innovation. As negotiations unfold, stakeholders are keenly observing how Redstone navigates the delicate balance between legacy preservation and corporate strategy.
DWAC shareholders & Trump approve merger then fake news LONGDWAC voted to merge with former presidental Trump social media enterprise. Then a CNBC staff
writer has an article:
Donald Trump told followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great.
The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president’s social media company to take it public.
The drop could reflect concerns about whether Trump Media & Technology Group, which is being merged with DWAC, can ultimately deliver significant revenue — and whether Trump will try to cash in on his share early because of his many legal problems.
My review of the chart is that DWAC underwent normal volatility going into a merger vote
without complications. The volatility is healthy and traders/investors are contesting fair
value. Share price is the same as it was two weeks ago. Astute traders may consider this a
discount move for a long position. Trump is a majority shareholder. Of course, a buy of shares
benefits both the buyer and Trump in stabilizing market cap which has slowly fallen. He
cannot sell shares to fund legal proceedings and their costs for six months. The writer
who I have not named, in my opinion only, does not know jack____. He is simply trying
to put up a headline gets some reading volume and capitalize on it. He should get
one of the stock analysts that consult on his network to give him an education and then
publish a retraction. The headline might be " This clueless writer but out fake news and
is now better informed. He apologizes to the subjects of that fake news"
Enough said.
$IGPK 70 Mil App Users / $7 Bil Rev Merger Possibly IncomingOTC:IGPK Has been on the hearts and minds of many OTC traders recently as it was apparently discovered to be doing a 1/1,000 R/S. I say apparently as it hasn't been confirmed yet by the company and many have raised suspicions on the "added" documents to the file that can be purchased from the Nevada SOS.
Apparently according to sources, 3 new pages that included the R/S verbiage was added to the NV file recently and anybody can add pages to the document so long as they identify as an officer of the company. I don't know how true that is, but it would make sense. Seeing that there are several dedicated bashers who have been trying their hardest for months to drop the stock, it wouldn't come as a surprise to me in this OTC sewer we take part in if one of them did just that.
Either way, if the R/S is in fact true it would take months for FINRA to approve and finalize it, so the "As soon as possible" verbiage won't be for several weeks at the absolute soonest, so there is plenty of time for this to break ATH into any major announcements that are coming up.
Also don't forget, if this was some ploy to drop the price, the company can remove the R/S off at any time, shooting the stock right back up past previous levels.
Speaking of which, on March 28th the company does have a meeting to announce the listing, which should see the stock start making major moves over the next few business days, as the solid DD connecting OTC:IGPK to a possible $7 Bil 70 Mil user App has been making the circles for weeks.
GL to all and happy trading! Here's to the next few weeks :-)
DWAC Acquisition Faces Rollercoaster Ride Amid Trump Merger The tumultuous journey of NASDAQ:DWAC stock, the special purpose acquisition company (SPAC) aiming to take former President Donald Trump's tech and social media platform public, continues to captivate investors amidst a whirlwind of events. From surging highs to staggering lows, the stock's trajectory reflects the intricate interplay between market expectations, legal challenges, and the enigmatic allure of the Trump brand.
In recent weeks, NASDAQ:DWAC shares have faced downward pressure as traders grapple with the implications of Trump's financial struggles. Amidst mounting concerns, the stock plunged to a monthly low of $32.25 before staging a partial recovery to $36.42. However, buoyed by optimism surrounding the pending merger with Trump Media & Technology Group (TMTG), DWAC saw a resurgence in pre-market trading, reaching a high of $38.
The merger between NASDAQ:DWAC and Trump Media has been fraught with controversy, marked by lawsuits, regulatory scrutiny, and speculation surrounding the viability of Truth Social, the conservative social media platform owned by Trump Media. Allegations of stock grabs, legal battles, and Trump's efforts to secure substantial bond funds to appeal a civil business fraud judgment have added to the uncertainty surrounding the merger.
Despite the challenges, NASDAQ:DWAC shareholders are poised to vote on the merger with Trump Media on Friday, signaling a pivotal moment in the company's trajectory. If approved, the merger could see Trump's stake in TMTG valued at a staggering $4 billion, a testament to the enduring allure of the Trump brand in the eyes of investors.
However, DWAC's fortunes remain intrinsically linked to Trump's political ambitions and legal battles. The former president's status as the top Republican candidate for president has fueled optimism among investors, with hopes of a Trump victory in the election potentially driving further gains for the stock.
Yet, concerns linger over the impact of federal charges and ongoing legal battles on the Trump brand and, by extension, NASDAQ:DWAC stock. Despite a recent decline in March and a substantial drop from its peak in October 2021, DWAC shares remain up 128% in 2024, underscoring the enduring interest in the company's potential.
As NASDAQ:DWAC navigates the choppy waters of Trump's financial woes and legal challenges, investors remain on edge, eagerly awaiting the outcome of Friday's merger vote and the subsequent implications for the company's future. With volatility likely to persist in the short term, DWAC's journey serves as a testament to the unpredictable nature of the market and the enduring fascination with the Trump phenomenon.
WDC Stock Surges as Merger Talks with Kioxia Gains Traction
In a recent turn of events, Western Digital Corporation (NASDAQ: NASDAQ:WDC ) is making headlines in the financial world as reports suggest a renewed interest in merger discussions with Japan's Kioxia Holdings Corp. The potential merger, facilitated by Bain Capital and SK Hynix, has sparked optimism among investors and analysts alike. This development comes after talks broke down last October, but with new discussions on the horizon, there's growing anticipation of a transformative deal that could reshape the landscape of the computer hardware and storage industry.
The Merger Buzz:
According to the Kyodo newswire, Bain Capital has reopened discussions with SK Hynix to explore the possibility of merging memory chip manufacturers Western Digital and Kioxia Holdings. Analysts view this prospect favorably, considering the operational efficiencies and market presence that could be achieved by combining these two industry giants.
Loop Capital analysts note, "While NASDAQ:WDC splitting into two separately trading equities is a positive catalyst, a merger would be an even bigger catalyst." This sentiment underscores the potential positive impact of a merger on both companies and their shareholders. The merger, if successful, could create a more robust entity within the computer hardware and storage sector, leading to improved market dynamics.
Analysts' Perspective:
Market analysts are expressing optimism about the potential merger, highlighting the positive implications for all parties involved. The combination of Western Digital ( NASDAQ:WDC ) and Kioxia is seen as a strategic move that could yield better long-term market dynamics, ultimately benefiting investors in both companies. This sentiment is echoed by Loop Capital analysts who emphasize the potential for a stronger growth rate as a result of the merger.
Technical Outlook:
From a technical standpoint, Western Digital's ( NASDAQ:WDC ) stock has broken the rising trend in the medium long term, signaling a potentially stronger growth rate. The absence of significant resistance in the price chart suggests further upward momentum.
Price Momentum:
Western Digital ( NASDAQ:WDC ) is currently trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that investors have been actively pushing the share price higher, reflecting positive sentiment and confidence in the stock's future value.
Conclusion:
As Western Digital ( NASDAQ:WDC ) and Kioxia Holdings revive merger discussions, the market is abuzz with anticipation. Investors and analysts see the potential for a transformative deal that could enhance operational efficiencies and market presence, creating a more powerful player in the computer hardware and storage industry. With the stock still displaying upward momentum and trading near its 52-week high, it appears that investors are optimistic about the future prospects of Western Digital ( NASDAQ:WDC ), making it a stock to watch closely in the coming weeks.
JBLU Bullish after JetBlue - Spirit merger was BlockedJetBlue's $3.8 billion buyout of Spirit Airlines was blocked by a judge, citing a threat to competition!
After the news, SAVE went down, while JBLU surged from $4.54 to $5.45! However, today it continued the 6 month downtrend and closed at $4.68.
This might seem like business as usual on Wall Street, except for the presence of some aggressive blocks of calls with strike prices of $6 and $7 on JetBlue's options chain, across multiple expiration dates!
The most commonly chosen expiration date was February 16, following the earnings release. This leads me to believe that we might witness excellent results from the upcoming earnings report.
JBLU was trading at $9.45 just 6 months ago. Its decline was not due to fundamentals but rather on the potential buyout of SAVE. Now that the deal is off the table, I expect JBLU to rise back up.
I'm extremely bullish on JBLU ahead of earnings!
Hut 8 Completes U.S. Bitcoin Merger After 400% RallyKey Takeaway
i. Two crypto companies ended November 2023 by successfully merging.
ii. This deal has given rise to the newly minted Hut 8 Corp (HUT).
iii. The crypto mining firm is in an excellent position to ride the current crypto wave to new heights.
Bitcoin Rally
As the current crypto rally continues sending Bitcoin (BTC-USD) upward, two leading companies in the space have completed a successful merger. On Nov. 30, Canadian crypto mining firm Hut 8 Mining Corp (NASDAQ:HUT) announced that it had officially joined forces with US Bitcoin Corp. This move could easily create a prominent new crypto player. Today marks the first day of trading on the Nasdaq and Toronto Stock Exchange for the newly minted HUT stock. While the previous shares of Hut 8 have been delisted from both exchanges, investors who held it will receive “0.2 of a share of New Hut common stock for every Hut 8 share held.”
What should investors expect from this new crypto stock as the rally keeps digital asset prices elevated? Let’s take a closer look at this new company and assess what its future may hold.
What’s Happening With HUT Stock
Prior to the current rally, most crypto mining stocks had been struggling as they faced an uncertain future. Now many companies in the space are back in full focus and investors look for ways to profit off the current rally. The timing has been excellent for HUT stock. Shares surged on November 30 on news that the merger had been completed. While the momentum has slowly subsided today, the new stock is still up almost 350% for the month.
The timing of this business combination is important for another reason. The next Bitcoin halving event is slated for April 2024. Cointelegraph reports that after the merger, Hut 8 has “access to approximately 825 MW of gross energy across six sites with self-mining, hosting, and managed service operations.” Historically, Bitcoin halving occurs, it often boosts the crypto’s prices. Crypto miners will be bracing for it and its new power puts Hut 8 in an excellent position.
What Comes Next
How long will the current crypto rally continue? No one can say for sure. But with the next Bitcoin halving approaching quickly, HUT stock will likely benefit from the momentum generated by the event. There’s no denying that Hut 8 has always been heavily reliant on underlying crypto sentiment. But right now, sentiment toward Bitcoin and other leading cryptos is bullish. For the time being, the new HUT stock is well positioned to continue riding the wave. Crypto mining stocks are at the mercy of a volatile market but at least for now, investors can relax.
Price Momentum
HUT is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
TWTR: Deal that Closes by Month EndMusk may be a business prankster but he's not pranking the judge. He set his own target by month end - it is very good odds that it will close. Musk appears to want to avoid disclosure of something in interrogations.
Now we are waiting for an actual "funding secured." There is still 10% of juice left in the spread - the risk is well worth it here (especially on annualized basis).
ETH: A break and we are off?!Ethereum
Intraday - We look to Buy a break of 1401 (stop at 1347)
A higher correction is expected. Bespoke resistance is located at 1400. A break of bespoke resistance at 1400, and the move higher is already underway. We are trading at oversold extremes.
Our profit targets will be 1529 and 1559
Resistance: 1300 / 1350 / 1400
Support: 1270 / 1250 / 1220
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Green Satoshi Token Stepn, GSTTargets 0.05, 0.64 and 0.078
Targets valid is it sustained above 40-41 with solid consolidation
CFVI Long, It could rumblePossible WSB play if network effects of Andrew Tate could influence Zoomer capital to buy the stock as a FU to the monopoly to social media content platforms. However, it does bring into question how much of an influence they really have given how personal savings have fallen back to 2016 levels . This idea is only valid as long as we don't close under $12.05 on a daily candle.
Max price point I could see it going would be ~$52-$65 given how BBBY had a max mcap of $2.5B after WSB made its move on it (But lets not forget that it was short squeezed). Realistically, I can see it going to $17-$27. Good entries for a long at this point are ~$12, $11.35, and $10.30.
Max low price: 10.00
Max high price: 65.00
Trade:
Entry:12.19
SL:11.22
TP:17, 25, 50, 65
Why Ethereum Merge Is A Big Deal for CryptosEthereum has long been known as the second-largest cryptocurrency by market cap. That will soon change, as Ethereum is poised to overtake Bitcoin in that regard. There are many reasons for this shift, including the explosive growth of investable digital tokens built on top of the Ethereum blockchain. There are now so many of these ERC-20 tokens that even Google cannot track them all. As a result, this Tradingview Idea will explain what Ethereum merge is and why it’s important for investors interested in the world of cryptos.
What Is Ethereum Merge?
The Ethereum merge is a significant change in the structure of the Ethereum blockchain. The merge will combine two separate chains into a single blockchain. This means that Ethereum tokens that are currently traded on two separate chains will be accessible on a single chain in the future. This means that any Ethereum-based tokens that have been trading on two separate chains will be available on a single chain in the future. The wallet functionality will also allow the tracking of both types of tokens in a single interface. This will reduce confusion for investors and make things more convenient for users. It will also make it easier for centralized exchanges to add more tokens. The Ethereum merge can lead to a significant shift in investor interest away from Bitcoin and towards Ether. This will have a major impact on the market capitalization of these two coins.
What Does The Future Hold for Ether?
The Ether coin is the native asset of the Ethereum blockchain. This coin has seen significant volatility in recent months and is often compared to Bitcoin. Some investors are looking to Ether as an alternative to Bitcoin due to its cheaper price. Ether has seen steady growth over the past year and has been on par with Bitcoin in terms of market capitalization. This shift in investor sentiment could result in Ether overtaking Bitcoin as the number one cryptocurrency by market cap. The Ethereum merge will make Ether more accessible to investors. It will also make it easier for centralized exchanges to add Ether to their listings. This means that interested parties will have an easier time buying and selling Ether. This is a positive sign for the future of the Ethereum blockchain and the Ether token.
Coin Based on Ethereum Merge: Etherum Dark
Investors who are looking to capitalize on the Ethereum merge can do so by purchasing Etherum Dark. Etherum Dark is a token that has been trading on the Ethereum blockchain since 2017. This coin is a great choice for those who want exposure to the Ethereum blockchain without buying Ether. Etherum Dark is based on the Ethereum blockchain. This coin is not currently available on Coinbase or other major centralized exchanges. Investors who want to purchase Etherum Dark will have to use a decentralized exchange.
How to Trade Ethereum Mergers
Ethereum mergers can be traded in the same way as other ERC-20 tokens. Investors who want to buy Ethereum mergers simply need to find a wallet that supports these mergers. They then need to send the required amount of Ether to the wallet address and wait for the transaction to be completed. Ethereum mergers can be traded in the same way as other ERC-20 tokens.
How to Benefit from the Ethereum Merge
Investors who want to benefit from the Ethereum merge should keep an eye on the price movement of Ether. If this coin sees a significant price increase, it may lead to a surge in investor interest in Ether. This would cause the price of Ether to rise even higher. Ethereum mergers will also increase in price during this time. This will provide an excellent opportunity for investors to profit from the Ethereum merge.
Which Coin Will Be Top Dog After the Merge?
There has been a lot of speculation about which coin will be top dog after the Ethereum merge. Some people say that Bitcoin Cash will win, while others believe that Ether will be the dominant coin. Ethereum mergers are very new, which means that there is still plenty of time for investors to decide which coin will be top dog after the merge. The strength of each coin is determined by various factors that are unique to each token. These include the volume traded on each chain as well as the number of wallets that hold each asset. These factors change on a daily basis and can be very volatile. This means that it is too early to determine which coin will be top dog after the merge.
A Transition from PoW to PoS
It’s also the go-to platform for developers looking to create blockchain applications — from games to smart contracts — that run on decentralized networks. The Merge, though, will change the way Ethereum works to make it a much more efficient network. The new system is called Casper, and it’s designed to make Ethereum faster and more scalable than ever before. It will also make the network significantly less energy-intensive.
"The Merge will reduce Ethereum's energy consumption by ~99.95%." Official quote from Ethereum project website.
Source: Twitter Handel: trent_vanepps
ETHUSD DAILY CHART
ETHUSD Volume Metrics
ETHUSD H4 Chart
The Event is scheduled and will take place between 13-15 September
conclusion
The Ethereum merge will result in a significant shift in investor sentiment towards Ether. This will likely lead to Ether overtaking Bitcoin as the most valuable cryptocurrency by market cap. The Ethereum merge is a significant change in the structure of the Ethereum blockchain. The merge will combine two separate chains into a single blockchain. This means that Ethereum tokens that are currently traded on two separate chains will be accessible on a single chain in the future. Ethereum mergers can be traded in the same way as other ERC-20 tokens. Investors who want to benefit from the Ethereum merge should keep an eye on the price movement of Ether. If this coin sees a significant price increase, it may lead to a surge in investor interest in Ether. This would cause the price of Ether to rise even higher.
ETH/USDT LONG TARGETETH will pumping because of the merger, but when the countdown almost run out it's likely will dump again.
ETH The Ethereum Merge | What Could Possibly Go Wrong?Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
MakerDAO (MKR) said that the Ethereum Merge could lead to perpetual contract backwardation and negative funding.
Backwardation and negative funding refer to a market situation where futures prices are lower than the expected spot prices.
The launch could trigger selling pressure across chains existing on proof-of-work.
Ethereum network’s security and performance could be negatively impacted by the upcoming upgrade.
If you haven`t sold ETH Ethereum here:
Then in my opinion the price target for it is $1160.
Looking forward to read your opinion about it.
ATVI Spike (Merger Arbitrage Continued)This morning I received a Spike Alert for price volatility at the open on Activision Blizzard NASDAQ:ATVI . Perhaps people are excited about Wrath of the Lich King classic being released? :D
This swing trade occurs within the context of the Merger Arbitrage trade which has been going on for many months since Microsoft announced an offer of $95/share to purchase ATVI. There has been much rumor and speculation as always on if this deal would go through which manifests itself in a present 20.6% risk premium from the current trading price of ATVI to the buyout price. Nothing has fundamentally changed since the board approved the deal. Warren Buffett is also in the merger arbitrage trade with a 9.5% stake in ATVI.
I am already long the merger arbitrage trade from earlier in the year. Note: Getting into it now would be less than 12 months til the expected buyout which would mean a successful trade would incurr short term capital gains rather than long term. GLHF!
VMW: Merger Arbitrage !?VMware
Intraday - We look to Buy at 110.32 (stop at 100.60)
This stock has recently been in the news headlines. Broadcom agreed to buy the company for $61B USD. Trading volume is increasing. We look for a temporary move lower. Bespoke support is located at 110.00. Dip buying offers good risk/reward.
Our profit targets will be 139.88 and 150.00
Resistance: 140.00 / 150.00 / 167.00
Support: 110.00 / 92.50 / 85.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Twitter: Musk buy-out is put on hold!!Twitter
Short Term - We look to Buy at 42.80 (stop at 38.55)
We have a Gap open from 41.00 to 44.00. We look for a temporary move lower. Support is located at 41.00 and should stem dips to this area. Further upside is expected although we prefer to buy into dips close to the 41.00 level. This stock has recently been in the news headlines for a buyout by Elon Musk.
Our profit targets will be 54.96 and 60.00
Resistance: 46.00 / 48.00 / 50.00
Support: 44.00 / 42.00 / 40.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
MILE bouncing from all time lowRemember the pay-per-mile auto insurance company Metromile and how it went up after the SPAC merger, to 20usd?
This month MILE had the all time low, $0.85. What a drop!
But for few days it showed a little bit of strength and in a best case scenario it can touch the $3.10 resistance.
Looking forward to read your opinion about it.
Microsoft ATVI Merger Arbitragewww.engadget.com
Microsoft just made one of the largest-ever bids for a game studio. The company has announced plans to acquire Activision Blizzard for $95 per share, valuing the all-cash deal at an enormous $68.7 billion. The deal would make the combined entity the "third-largest" game company by revenue, according to Microsoft, and would put titles like Call of Duty, World of Warcraft and Candy Crush under the company's wing. Microsoft plans to add Activision Blizzard games to Game Pass as part of the deal.
...
The buyout is expected to close sometime in Microsoft's fiscal 2023 (no later than June 2023) if regulators and Activision Blizzard shareholders greenlight the move. The boards of directors for both companies have already approved the deal.
Activision Blizzard NASDAQ:ATVI stock has been hammered off its 2021 high amid scandals and the broader tech selloff. I've been an avid gamer and fanboy of Blizzard IP since I was a kid but I'll put all that aside and just look at this from the standpoint of a merger arbitrage opportunity.
What is a merger arbitrage? It is a trade that is a bet that the deal will go through as planned and the investor will be paid the final price of the shares. Microsoft announced that they will buy out all shares of ATVI for $95/share at the closing of the deal June 2023 at the latest. That means on the closing of the buyout every outstanding share will be purchased. If you have shares of ATVI now or buy them before the closing you will be bought out of them for $95. That is true if the deal goes through.
So the trade is that the deal will go through without any problems and any shares will be worth $95 at closing. At the current share price as of writing (89.92) that presents about a 16% premium. The question a trader should ask;
"Am I will to accept a return on my capital of 16% over 18 months... with the risk that the deal may not be approved by regulators or shareholders?"
BENE if you believe in hydrogen-based fuel suppliersBenessere Capital Acquisition Corp, a SPAC, and eCombustible Energy LLC, a leading innovator and provider of customizable hydrogen-based fuel for thermal industrial applications announced that the companies have entered into a definitive business combination agreement, providing for a business combination that will result in eCombustible Energy becoming a public listed company.
If we look at the price history after the rumors and the fist announcement, today`s price looks like a steal!
Today You can buy the leading innovator and provider of customizable hydrogen-based fuel for thermal industrial applications at the initial SPAC price.
NAKD shareholder merger approval special meeting on Dec. 21Naked shareholders will receive 7 shares in the new entity for every 3 existing NAKD shares they own.
The combined company will have a market capitalization of nearly $2 billion.
Cenntro Automotive, NAKD`s merger, is a leading EV technology company with advanced, market-validated commercial vehicles, that has selected Jacksonville, Florida for its first U.S. based manufacturing facility.
I consider buying NAKD shares before the shareholder merger approval special meeting on Dec. 21 to be a good opportunity!
Symbotic Going Public Through Merger With $SVFCSymbotic LLC — a revolutionary A.I.-enabled technology platform for the supply chain — and SVF Investment Corp. 3 (NASDAQ: SVFC) — a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers (SBIA) — announced today a definitive merger agreement expected to make Symbotic a public company listed on Nasdaq. Upon the completion of the merger, which is expected in the first half of 2022, the combined company will operate under the “Symbotic Inc.” name and will trade on Nasdaq under the ticker symbol “SYM.”
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