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U.S. Judge Temporarily Blocks Microsoft’s Acquisition of Activision – InsideArbitrage Friday Wrap

  • June 16, 2023

FRIDAY WRAP

Our list of curated tweets for the current week

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Special Situations

The merger of equals between $NEX & $PTEN, with an enterprise value of approximately $5.4 billion.


This deal was announced this am, following my scoop earlier in the week! $nex $pten


Microsoft’s $69 billion acquisition of Activision Blizzard was temporarily blocked by a federal judge in California


$MSFT $ATVI Given this, and facing a $3B term fee and/or deal revision


$atvi timeline of various approvals in the next few months


#Microsoft #Activision FTC case assigned to Magistrate Judge Sallie Kim.


$AVGO plans to find almost $4B worth of cost synergies from $VMW merger


Teamsters vehemently disagree Kroger-Albertsons merger


Manchester United negotiating exclusivity with Qatar's Sheikh Jassim in $6 bln-plus sale talks


Nano reaffirms $18/share offer, asks removal of majority of Stratasys' directors


The 3D printed parts market is expected to grow at a ~15% CAGR through 2030 to over $51B


Urges LL Flooring to Immediately Engage with Bidder F9 Group


$REVG REV Group approves a new $175 million share repurchase authorization effective immediately


Equity Commonwealth Announces $150 Million Share Repurchase Authorization


@IMAX Announces Extension Of Current Share-Repurchase Program


On June 7, 2023, Cactus, Inc. $WHD announced a $150 million share repurchase program


AutoZone added $2.0 billion to its share repurchase program, which represents 5% of its market cap


Interesting commentary from Buffett on spins


Investing

Federal Reserve officials agreed to hold interest rates steady but signaled they are on track to raise them again if the economy and inflation don’t cool more


After 25 consecutive increases, YoY Shelter CPI has moved down for 2 straight months


US CPI has moved down from a peak of 9.1% last June to 4.0% in May.


Goldman Sachs is being investigated by the Federal Reserve and the Securities and Exchange Commission over its role in Silicon Valley Bank’s final days


$NVDA The next "meme" stock?


You could have bought Moody's $MCO at under 10x forward EV/EBITDA multiple during financial crisis?


$NLS Nautilus dilutes shareholders by 30% in return for $10 million ($5 million now