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Lions Gate to Acquire eOne – InsideArbitrage Friday Wrap

  • August 4, 2023


Our list of curated tweets for the current week

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Special Situations

That’s a decent outcome for New Relic & Lew. Feels like a milestone deal

We have a deal! New Relic $NEWR to be acquired for $87/share all cash by private equity (Francisco Partners and TPG)

A group of private credit lenders led by Blue Owl and Sixth Street has agreed to provide $2.65 billion of debt to support Francisco Partners and TPG’s acquisition of software maker New Relic.

$newr 45 days go shop provision.

Hasbro’s Entertainment One Film, TV Unit Sold to Lionsgate

Looks like Lionsgate is getting an expanded library catalogue.

Hasbro to sell eOne film, TV business to Lionsgate in ~$500M deal

At a special Aug 2 meeting Chinook Therapeutic $KDNY shareholders approved the Novartis $NVS merger.

$kdny. HSR expired. Vote tomorrow. Closing this week.

Agree. This was a good setup. Wrote about it in June.

UK going through the motions on $MSFT $ATVI, asking for "public comment" bf decision by Aug 29.

Microsoft-Activision 'Not Done By Any Means' - Law360

The U.S. cloud gaming market is forecasted to grow at a 44% CAGR

Amedisys $AMED & UnitedHealth $UNH filed their respective notification and report forms pursuant to the HSR Act on July 5, 2023

$pfe as per WSJ “pro­posed $43 bil­lion ac­qui­sition of $sgen is ex­pected to close in late 2023 or early 2024, Pfizer said Tues­day.

$MRK still scouting for M&A deals, even after $10.8B takeover of Prometheus.

$MANU Unconfirmed report says takeover is paused

Whirlpool gains amid activist investor speculation

$HMST According to Bloomberg, HomeStreet, a Seattle bank is exploring options including a potential sale.

STG, Francisco Partners vie for Avid Technology

Despite the overwhelming opinion that M&A in 2023 is & will be dead. There has been a slew of micro cap bank deals where sellers have received massive premiums.

$5 billion in shares buybacks for this year. Wow. $PYPL is getting a great deal in their repurchases.

Comcast continues with buybacks

PulteGroup has been busy with share buybacks

AerCap approved a new $500 million share repurchase program

Golden Entertainment has declared a one-time cash dividend of $2.00 per share, payable on August 25, 2023 to stockholders

Tonight's Tech Wreck ZoomInfo

$Z upsizes share repurchase by $750 million

Perhaps it's a good time to start a position in $ULTA?

$HRMY Board Authorizes $125 Million Share Repurchase Program

Magnolia Oil & Gas: Board raised share repurchase authorization by another 10 million shares to 14.2 million.

Iridium Board of Directors approves additional share repurchase program

NVR announces $500M share repurchase program $NVR

$MCK board approves $6B increase to share repurchase program

$EQ (+17.3% pre) Equillium Announces $7.5 Million Share Repurchase Program - BZ

Lithium Americas shareholders approve split.

Sigma Lithium CEO says in talks with potential buyers

$CTSH (+5.8% pre) Cognizant projects revenue above estimates, CFO to retire in 2024


Warren Buffett's Berkshire Hathaway is buying Treasuries despite Fitch's downgrade of the US

My absolute favorite chapter from any investing book is “When to Sell” from CSUP by Phil Fisher

Not sure why $TSLA just doesn’t buy $UBER to get into autonomous ride hailing, and get all the data from its platform of 137M consumers who take 25M trips PER DAY

Essentially $BIIB is a believer in the optimistic $1.5B peak sales estimates for $RETA.

$HMST - Interesting stock here.

Third Point hints at the return on time/attention in single-name short-selling


Super Mario movie and Zelda game breathe fresh life into Switch as Nintendo posts a 52% profit surge

Lots of red flags this week for consumer spending.

The Magnificent Seven boast an average P/E ratio of 43, almost double the average ratio of 25 for the rest of the field.

Marriott lifts EBITDA guide 5% after huge upside overseas

Ride-hailing and delivery behemoth $UBER reported its first-ever quarter with positive EBIT and its first-ever quarter with FCF >$1B yesterday.

$SBUX Starbucks Q3 FY23

Diamondback Energy missed. Diamondback paid out 86% of its FCF to shareholders in the quarter or $473 million. I

$EXPE beating on EPS and FCF this morning, also reaffirmed full year guidance and stock is down 14%

The U. S. Economy

Hedge fund manager Bill Ackman says he's short the 30-year Treasury bond, in a bet that long-term inflation will settle closer to 3% than the Federal Reserve's target of 2%

Updated "Chart of the Century" with data through June 2023

Manufacturing construction spending hit a new high.

Almost every major housing market east of the Rockies (Austin being the main exception), just set a new all-time high (ATH) for home prices in June.