In the month of January, 2020, there were fourteen new deals announced, nine of which had a stock consideration. The last week of the month saw four new deals, three of which included a stock consideration.
Shares of Delphi Technologies (DLPH) shot up more than 60% after BorgWarner (BWA) announced that it was acquiring Delphi in an all stock deal. According to the press release, combining with Delphi Technologies is consistent with BorgWarner’s evolution towards the propulsion market of the future and would enable BorgWarner to maintain flexibility across combustion, hybrid, and electric propulsion (C-H-E).
On January 29, 2020, Alcentara Capital Corporation (ABDC) received shareholder approval for its acquisition by Crescent Capital. The deal was completed on January 31, 2020.
In the deal updates section for last week, Liberty Property Trust (LPT), Ladenburg Thalmann Financial Services (LTS) and William Lyon Homes (WLH) each received shareholder approval for their respective deals. The expected date of completion for all three deals has moved up to February, 2020.
Average Profit and Average Annualized Profit by Deal Type as on Friday, January 31, 2020