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Japan’s Buyback Bonanza – InsideArbitrage Friday Wrap

  • May 19, 2023


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We received a total of 137 responses. For the question:

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Our list of curated tweets for the current week

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Special Situations

The EU officially approved Microsoft's $68.7 billion acquisition of Activision Blizzard.

Regency Centers $REG - the second largest strip center REIT - announced a $1.4B all-stock deal to acquire Urstadt Biddle Properties$UBP at $20.40/share, a roughly 33% premium to UBP's last closing price.

If the FTC decides to block $AMGN / $HZNP, it will be because it wants to test their new theories of harm.

$HZNP: There are no antitrust concerns given no overlap and do not have plans to bundle

I think the FTC has run its course into a dead end with that Horizon/Amgen complaint.

In response to the Enforcement Bureau's suggestion Standard General quickly attempt to resolve remaining concerns to allow the $TGNA Tegna transaction to move forward

Newmont has agreed to buy Newcrest for $17.5B in what would be the largest-ever gold M&A deal.

Sheikh Jassim makes new Man Utd bid

Private-equity firms Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic.

I don't focus much on micro cap companies but tracking insider transactions unearths some of the strangest companies.

$J announced it’s spinning off its Critical Mission Solutions business.

The Vitesse Energy $VTS position is on account of the spin-off from Jefferies $JEF

The SEC found that insider selling shot up right after buyback announcements, allowing executives to profit personally from the share price pop. Such selling smacks of self-dealing.

ServiceNow Announces Plans to Initiate First-Ever Share Repurchase Program

SAP Updates Mid-Term Financial Ambition 2025 and Announces Share Repurchase Program of up to €5 Billion

$BRKR Bruker Announces New Two-Year Share Repurchase Authorization of up to $500 Million

Japan's Buyback Bonanza!

CEO-Chair of WeWork Inc., Sandeep Mathrani, is leaving $WE in ten days


Read 500 pages every week. That's how knowledge works. It builds up, like compound interest.

Carl Icahn admits bearish bet that cost $9bn was a mistake

More than 230 American companies have filed for bankruptcy through April

Berkshire Hathaway sells out of $RH

It hasn't exactly been a happy time for Paramount Global of late, but $PARA bulls got two pieces of good news this week.

Peconic Partners has filed its 13F for Q1.

Michael Burry no more THE BIG SHORT but the BIG SHLONG.


Recession? Corporate America’s Earnings Say It’s Already Arrived

The US market paid out 63% of their operating cash flows, while Europe paid out 41% to return cash to shareholders.

Consumer discretionary companies just reported a 40% contraction in earnings relative to the same quarter a year ago.

Unity $U back to pre-earning

An awkward fact about corporate earnings

The last 2 paragraphs sum up the nonsense of earnings thus far.

Cannot believe $SE drama from this switch to single-ply toilet paper

Walmart Inc., the world’s largest retailer raised full year guidance as earnings beat estimates due in part to an increase in the grocery business.

The first-quarter results that have come in so far indicate that people are cutting back their discretionary spending, particularly for pricier items.

China’s tech giants report mixed earnings as the economy struggles to recover and the sector begins a transformation after years of breakneck growth

U.S. Economy

Paul Tudor Jones on the Fed: "I definitely think they are done...They could probably declare victory now because if you look at CPI, it’s been declining 12 straight months...That’s never happened before in history."